Comcast Corporation (NASDAQ:CMCSA) was downgraded by OTR Global to a “positive” rating in a report issued on Monday, October 30th, The Fly reports.
Several other equities analysts also recently commented on CMCSA. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Barclays PLC cut their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Comcast Corporation in a research report on Tuesday, October 17th. Morgan Stanley reiterated an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $47.00 target price on shares of Comcast Corporation in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.84.
Shares of Comcast Corporation (CMCSA) traded down $0.91 during mid-day trading on Monday, hitting $36.16. The company’s stock had a trading volume of 37,841,316 shares, compared to its average volume of 19,755,506. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 52 week low of $33.97 and a 52 week high of $42.18. The company has a market cap of $173,260.00, a P/E ratio of 18.29, a P/E/G ratio of 1.91 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts expect that Comcast Corporation will post 2.06 EPS for the current year.
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In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United States Steel & Carnegie Pension Fund lifted its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock valued at $42,334,000 after acquiring an additional 563,108 shares during the last quarter. Waldron LP raised its position in Comcast Corporation by 191.1% during the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after purchasing an additional 30,777 shares during the last quarter. Parsons Capital Management Inc. RI raised its position in Comcast Corporation by 101.4% during the 1st quarter. Parsons Capital Management Inc. RI now owns 294,701 shares of the cable giant’s stock worth $11,078,000 after purchasing an additional 148,383 shares during the last quarter. Searle & CO. grew its holdings in Comcast Corporation by 100.0% during the 1st quarter. Searle & CO. now owns 5,902 shares of the cable giant’s stock worth $222,000 after acquiring an additional 2,951 shares during the period. Finally, Pillar Pacific Capital Management LLC grew its holdings in Comcast Corporation by 100.0% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 11,496 shares of the cable giant’s stock worth $432,000 after acquiring an additional 5,748 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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