Comcast (CMCSA) – Research Analysts’ Recent Ratings Changes

Comcast (NASDAQ: CMCSA) recently received a number of ratings updates from brokerages and research firms:

  • 5/14/2019 – Comcast was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/30/2019 – Comcast was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/29/2019 – Comcast had its price target raised by analysts at Raymond James from $44.00 to $48.00. They now have an “outperform” rating on the stock.
  • 4/29/2019 – Comcast had its price target raised by analysts at TD Securities from $50.00 to $57.00. They now have a “buy” rating on the stock.
  • 4/26/2019 – Comcast had its price target raised by analysts at Barclays PLC from $44.00 to $45.00. They now have an “overweight” rating on the stock.
  • 4/26/2019 – Comcast had its price target raised by analysts at Morgan Stanley from $46.00 to $48.00. They now have an “overweight” rating on the stock.
  • 4/26/2019 – Comcast had its price target raised by analysts at KeyCorp from $43.00 to $50.00. They now have an “overweight” rating on the stock.
  • 4/18/2019 – Comcast was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/12/2019 – Comcast had its price target raised by analysts at Nomura from $41.00 to $44.00. They now have a “neutral” rating on the stock.
  • 4/9/2019 – Comcast was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $49.00 price target on the stock.
  • 3/29/2019 – Comcast was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $42.00 price target on the stock, down previously from $45.00.

Shares of NASDAQ:CMCSA traded up $0.35 during mid-day trading on Friday, reaching $43.54. 13,372,136 shares of the company traded hands, compared to its average volume of 18,958,883. The company has a market cap of $200.60 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a 52 week low of $30.67 and a 52 week high of $43.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Equities research analysts predict that Comcast Co. will post 2.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

In related news, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the transaction, the chief accounting officer now directly owns 3,453 shares of the company’s stock, valued at approximately $139,363.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the transaction, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,214,832 shares of company stock valued at $49,408,359. 1.35% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Comcast by 0.6% during the 4th quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after buying an additional 1,855,378 shares during the period. FMR LLC raised its holdings in Comcast by 3.9% during the 4th quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after buying an additional 4,854,006 shares during the period. Wellington Management Group LLP raised its holdings in Comcast by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 123,004,427 shares of the cable giant’s stock valued at $4,917,718,000 after buying an additional 2,205,421 shares during the period. Geode Capital Management LLC raised its holdings in Comcast by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 64,130,347 shares of the cable giant’s stock valued at $2,559,939,000 after buying an additional 430,844 shares during the period. Finally, Northern Trust Corp raised its holdings in Comcast by 1.6% during the 1st quarter. Northern Trust Corp now owns 53,856,859 shares of the cable giant’s stock valued at $2,153,198,000 after buying an additional 828,273 shares during the period. 81.61% of the stock is currently owned by institutional investors.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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