Investment Analysts’ Weekly Ratings Updates for Comcast (CMCSA)

A number of firms have modified their ratings and price targets on shares of Comcast (NASDAQ: CMCSA) recently:

  • 2/8/2019 – Comcast was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/29/2019 – Comcast was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/24/2019 – Comcast had its price target raised by analysts at TD Securities from $47.00 to $48.00. They now have a “buy” rating on the stock.
  • 1/22/2019 – Comcast had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $44.00 price target on the stock.
  • 12/24/2018 – Comcast had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $39.00 price target on the stock.
  • 12/13/2018 – Comcast was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of CMCSA traded down $0.12 during midday trading on Monday, reaching $37.48. The stock had a trading volume of 600,312 shares, compared to its average volume of 23,067,998. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $40.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $174.63 billion, a PE ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.03.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The company had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 2.75 EPS for the current fiscal year.



The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 2nd. Comcast’s payout ratio is presently 29.80%.

In other news, Director Kenneth J. Bacon sold 7,636 shares of Comcast stock in a transaction on Monday, December 10th. The stock was sold at an average price of $37.04, for a total transaction of $282,837.44. Following the transaction, the director now owns 33,603 shares in the company, valued at $1,244,655.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 4,129 shares of Comcast stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $33.80, for a total value of $139,560.20. Following the transaction, the executive vice president now owns 67,912 shares in the company, valued at approximately $2,295,425.60. The disclosure for this sale can be found here. Insiders sold a total of 294,099 shares of company stock worth $10,866,899 over the last 90 days. Insiders own 1.31% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Acima Private Wealth LLC purchased a new position in Comcast in the fourth quarter valued at about $25,000. Litman Gregory Asset Management LLC purchased a new position in Comcast in the fourth quarter valued at about $30,000. Ironwood Financial llc purchased a new position in Comcast in the fourth quarter valued at about $32,000. IMS Capital Management purchased a new position in Comcast in the third quarter valued at about $38,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in Comcast in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 80.66% of the company’s stock.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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