Comcast (NASDAQ:CMCSA) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.
Several other analysts have also recently weighed in on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $113.00 target price on shares of Comcast in a report on Wednesday, February 28th. Macquarie cut shares of Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Guggenheim raised their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks raised their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, TD Securities raised their target price on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.39.
Shares of Comcast (CMCSA) traded down $0.30 during trading hours on Wednesday, reaching $36.13. 8,476,159 shares of the company traded hands, compared to its average volume of 25,989,322. The firm has a market capitalization of $167,640.00, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. Comcast has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. research analysts predict that Comcast will post 2.52 EPS for the current fiscal year.
In other news, EVP David N. Watson sold 131,447 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total transaction of $4,835,935.13. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 915,605 shares of company stock worth $35,906,374. Insiders own 1.28% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in Comcast in the 4th quarter valued at $206,000. Chemical Bank grew its position in Comcast by 34.8% in the 4th quarter. Chemical Bank now owns 23,878 shares of the cable giant’s stock valued at $956,000 after buying an additional 6,162 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Comcast by 4.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 201,689 shares of the cable giant’s stock valued at $8,078,000 after buying an additional 8,105 shares during the last quarter. Fairfield Bush & CO. grew its position in Comcast by 40.7% in the 4th quarter. Fairfield Bush & CO. now owns 26,973 shares of the cable giant’s stock valued at $1,080,000 after buying an additional 7,800 shares during the last quarter. Finally, Colonial Trust Advisors grew its position in Comcast by 46.2% in the 4th quarter. Colonial Trust Advisors now owns 139,985 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 44,255 shares during the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.
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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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