Comcast Corporation (NASDAQ:CMCSA) was downgraded by equities research analysts at OTR Global to a “positive” rating in a report released on Monday, October 30th, The Fly reports.
CMCSA has been the subject of several other reports. Morgan Stanley restated an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Comcast Corporation in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a report on Sunday, July 9th. TD Securities started coverage on Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 price target for the company. Finally, ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.84.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $172,228.45, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 1 year low of $32.30 and a 1 year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. equities research analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s 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 transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of CMCSA. State Street Corp lifted its position in shares of Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Comcast Corporation by 103.1% during the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after acquiring an additional 28,597,277 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Comcast Corporation by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Hedge funds and other institutional investors own 81.88% of the company’s stock.
Comcast Corporation Company Profile
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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