KeyCorp Reiterates Hold Rating for Comcast Co. (CMCSA)

Comcast Co. (NASDAQ:CMCSA)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a report issued on Tuesday.

CMCSA has been the topic of a number of other research reports. Moffett Nathanson downgraded Comcast from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Tuesday, June 20th. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast in a research report on Wednesday, June 28th. Finally, Instinet restated a “buy” rating and issued a $46.00 target price on shares of Comcast in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.83.

Comcast (NASDAQ CMCSA) traded down 0.123% during mid-day trading on Tuesday, reaching $36.565. The company had a trading volume of 4,720,458 shares. The stock has a market capitalization of $172.34 billion, a price-to-earnings ratio of 18.421 and a beta of 0.98. Comcast has a 52 week low of $30.02 and a 52 week high of $42.18. The stock has a 50 day moving average of $38.35 and a 200 day moving average of $39.25.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast had a return on equity of 18.32% and a net margin of 11.98%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Analysts anticipate that Comcast will post $2.04 earnings per share for the current year.

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In related news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,982 shares of company stock valued at $385,050. Insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. United States Steel & Carnegie Pension Fund boosted its position in shares of Comcast 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 purchasing an additional 563,108 shares during the period. Waldron LP boosted its position in shares of Comcast by 191.1% in the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock valued at $1,767,000 after purchasing an additional 30,777 shares during the period. Parsons Capital Management Inc. RI boosted its position in shares of Comcast by 101.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 294,701 shares of the cable giant’s stock valued at $11,078,000 after purchasing an additional 148,383 shares during the period. Tufton Capital Management boosted its position in shares of Comcast by 100.0% in the 1st quarter. Tufton Capital Management now owns 14,176 shares of the cable giant’s stock valued at $533,000 after purchasing an additional 7,088 shares during the period. Finally, Financial Consulate Inc. boosted its position in shares of Comcast by 104.2% in the 1st quarter. Financial Consulate Inc. now owns 6,370 shares of the cable giant’s stock valued at $239,000 after purchasing an additional 3,251 shares during the period. 81.84% of the stock is owned by hedge funds and other institutional investors.

Comcast 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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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