Comcast (CMCSA) Upgraded to “Outperform” by Credit Suisse Group

Comcast (NASDAQ:CMCSA) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Marketbeat.com reports.

Several other equities research analysts have also weighed in on the company. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. MED started coverage on Comcast in a report on Wednesday. They issued a “buy” rating and a $43.00 price objective for the company. They noted that the move was a valuation call. Moffett Nathanson reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, September 24th. Finally, BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus target price of $44.64.

NASDAQ CMCSA traded down $0.60 on Friday, reaching $35.24. The company had a trading volume of 42,421,023 shares, compared to its average volume of 24,758,948. The firm has a market capitalization of $163.67 billion, a P/E ratio of 17.11, a PEG ratio of 1.11 and a beta of 1.19. Comcast has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a current ratio of 1.18, a quick ratio of 0.96 and a debt-to-equity ratio of 0.96.



Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. As a group, sell-side analysts predict that Comcast will post 2.54 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CMCSA. Univest Corp of Pennsylvania lifted its position in Comcast by 1.5% in the 3rd quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock worth $4,743,000 after buying an additional 1,944 shares during the last quarter. Aureus Asset Management LLC lifted its position in Comcast by 12.1% in the 2nd quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock worth $1,450,000 after buying an additional 4,778 shares during the last quarter. Cox Capital Co LLC bought a new stake in Comcast in the 2nd quarter worth approximately $1,007,000. BBT Capital Management LLC bought a new stake in Comcast in the 2nd quarter worth approximately $5,906,000. Finally, Wasatch Advisors Inc. lifted its position in Comcast by 8.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock worth $2,261,000 after buying an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Comcast Company Profile

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.

Recommended Story: How Important is Technical Analysis of Stocks

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply