ValuEngine Upgrades Comcast (CMCSA) to Sell

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Comcast (NASDAQ:CMCSA) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also weighed in on CMCSA. Oppenheimer restated a “market perform” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, September 24th. UBS Group lowered Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Pivotal Research restated a “buy” rating and set a $48.00 price objective on shares of Comcast in a research report on Thursday, September 20th. TD Securities reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Finally, Atlantic Securities upgraded Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. Comcast has a consensus rating of “Buy” and an average price target of $44.85.

Comcast stock opened at $34.62 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00. The firm has a market cap of $164.46 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. Comcast’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Comcast will post 2.53 EPS for the current year.

In related news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Aureus Asset Management LLC raised its stake in shares of Comcast by 12.1% in the second quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock worth $1,450,000 after purchasing an additional 4,778 shares during the last quarter. BBT Capital Management LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $5,906,000. Cox Capital Co LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $1,007,000. Wasatch Advisors Inc. raised its stake in shares of Comcast by 8.2% in the second quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock worth $2,261,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Cumberland Partners Ltd raised its stake in shares of Comcast by 39.6% in the second quarter. Cumberland Partners Ltd now owns 133,850 shares of the cable giant’s stock worth $4,391,000 after purchasing an additional 37,950 shares during the last quarter. Institutional investors own 80.15% of the company’s stock.

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.

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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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