Comcast (CMCSA) Stock Rating Upgraded by BidaskClub

Comcast (NASDAQ:CMCSA) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently commented on the stock. Guggenheim upped their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. Bank of America upped their price objective on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Cowen assumed coverage on shares of Comcast in a report on Monday, March 26th. They set a “market perform” rating and a $39.00 price objective on the stock. Finally, Nomura dropped their price objective on shares of Comcast to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average price target of $46.84.

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CMCSA opened at $34.26 on Tuesday. The stock has a market cap of $154,894.30, a P/E ratio of 16.63, a P/E/G ratio of 1.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a fifty-two week low of $32.74 and a fifty-two week high of $44.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. analysts predict that Comcast will post 2.47 earnings per share for the current year.

In other Comcast news, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the transaction, the senior vice president now directly owns 2,120 shares in the company, valued at $70,384. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $67,319.60. Following the transaction, the senior vice president now owns 2,585 shares in the company, valued at $92,026. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,400,867 shares of company stock worth $52,408,044. 1.28% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Roberts Glore & Co. Inc. IL grew its position in Comcast by 2.1% during the second quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock valued at $359,000 after acquiring an additional 190 shares during the last quarter. Balentine LLC grew its holdings in shares of Comcast by 1.5% in the second quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock worth $536,000 after purchasing an additional 200 shares during the last quarter. Highland Private Wealth Management grew its holdings in shares of Comcast by 3.1% in the second quarter. Highland Private Wealth Management now owns 7,156 shares of the cable giant’s stock worth $278,000 after purchasing an additional 214 shares during the last quarter. Laurel Wealth Advisors Inc. grew its holdings in shares of Comcast by 2.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 12,524 shares of the cable giant’s stock worth $487,000 after purchasing an additional 318 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Comcast by 7.0% in the second quarter. Sunbelt Securities Inc. now owns 9,523 shares of the cable giant’s stock worth $371,000 after purchasing an additional 626 shares during the last quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

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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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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