Comcast (CMCSA) Upgraded to “Sell” by ValuEngine

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ValuEngine upgraded shares of Comcast (NASDAQ:CMCSA) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.

A number of other research firms have also recently issued reports on CMCSA. Raymond James upgraded Comcast from a market perform rating to an outperform rating in a report on Thursday, July 19th. Robert W. Baird cut their price target on Comcast from $42.00 to $41.00 and set an outperform rating on the stock in a report on Monday, July 30th. Pivotal Research restated a buy rating and set a $48.00 price target on shares of Comcast in a report on Monday, July 30th. UBS Group cut Comcast from an outperform rating to a market perform rating in a report on Monday, September 24th. Finally, KeyCorp increased their price target on Comcast from $38.00 to $43.00 and gave the stock an overweight rating in a report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $44.85.

NASDAQ:CMCSA traded up $0.95 on Friday, reaching $34.62. 31,255,567 shares of the stock traded hands, compared to its average volume of 25,329,504. The company has a market capitalization of $164.46 billion, a PE ratio of 16.81, a P/E/G ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. Comcast has a 1-year low of $30.43 and a 1-year high of $44.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Research analysts predict that Comcast will post 2.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio is currently 36.89%.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Blue Pool Management Ltd. increased its holdings in Comcast by 65.8% in the 1st quarter. Blue Pool Management Ltd. now owns 43,100 shares of the cable giant’s stock worth $1,473,000 after acquiring an additional 17,100 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in Comcast in the 1st quarter worth about $9,266,000. Cornercap Investment Counsel Inc. increased its holdings in Comcast by 1.0% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 194,102 shares of the cable giant’s stock worth $6,633,000 after acquiring an additional 1,883 shares during the last quarter. Blair William & Co. IL increased its holdings in Comcast by 2.5% in the 1st quarter. Blair William & Co. IL now owns 469,057 shares of the cable giant’s stock worth $16,028,000 after acquiring an additional 11,357 shares during the last quarter. Finally, Ostrum Asset Management purchased a new stake in Comcast in the 1st quarter worth about $1,632,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

About Comcast

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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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