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.
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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