Comcast (NASDAQ:CMCSA) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, The Fly reports.
Other equities analysts have also issued reports about the stock. TD Securities reduced their target price on shares of Comcast from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. Scotiabank reiterated a “buy” rating and set a $46.00 target price on shares of Comcast in a research report on Friday, April 20th. UBS Group reduced their target price on shares of Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, March 22nd. Pivotal Research reiterated a “buy” rating and set a $113.00 target price on shares of Comcast in a research report on Wednesday, February 28th. Finally, KeyCorp initiated coverage on shares of Comcast in a research report on Wednesday, May 16th. They set a “buy” rating and a $38.00 target price on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.82.
Shares of Comcast opened at $32.38 on Wednesday, MarketBeat reports. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. The stock has a market cap of $148.62 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.15 and a beta of 1.19. Comcast has a 1-year low of $30.43 and a 1-year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. equities analysts anticipate that Comcast will post 2.49 EPS for the current year.
In other Comcast news, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total value of $30,411.20. Following the sale, the senior vice president now directly owns 2,120 shares in the company, valued at $70,384. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares in the company, valued at $62,750,795.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 720,311 shares of company stock worth $26,243,429. Company insiders own 1.31% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Private Vista LLC bought a new stake in shares of Comcast during the first quarter worth $438,000. Altium Wealth Management LLC increased its position in shares of Comcast by 35.0% during the first quarter. Altium Wealth Management LLC now owns 10,698 shares of the cable giant’s stock worth $366,000 after acquiring an additional 2,776 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in shares of Comcast during the first quarter worth $4,750,000. Suntrust Banks Inc. increased its position in shares of Comcast by 9.4% during the first quarter. Suntrust Banks Inc. now owns 1,529,957 shares of the cable giant’s stock worth $52,277,000 after acquiring an additional 131,174 shares in the last quarter. Finally, BKD Wealth Advisors LLC increased its position in shares of Comcast by 6.2% during the first quarter. BKD Wealth Advisors LLC now owns 28,835 shares of the cable giant’s stock worth $985,000 after acquiring an additional 1,694 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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