Comcast (NASDAQ:CMCSA) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Comcast (NASDAQ:CMCSA) from a hold rating to a buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

CMCSA has been the subject of a number of other reports. Rosenblatt Securities started coverage on Comcast in a research report on Friday, June 14th. They set a buy rating and a $50.00 target price for the company. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday, July 10th. Guggenheim reiterated a hold rating on shares of Burlington Stores in a research report on Thursday, May 30th. TD Securities lowered their target price on West Fraser Timber from C$83.00 to C$80.00 and set a buy rating for the company in a research report on Monday, April 29th. Finally, Pivotal Research restated a buy rating and set a $54.00 price target on shares of Comcast in a report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Comcast presently has a consensus rating of Buy and an average target price of $44.92.

NASDAQ CMCSA opened at $44.72 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $202.30 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.25 and a beta of 1.08. Comcast has a one year low of $32.61 and a one year high of $45.01. The firm’s 50 day moving average price is $42.57.



Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts expect that Comcast will post 3.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Comcast’s payout ratio is 32.94%.

In other news, SVP Daniel C. Murdock sold 1,038 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $43,596.00. Following the transaction, the senior vice president now owns 3,707 shares in the company, valued at $155,694. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,307 shares of company stock worth $20,327,244. Insiders own 1.35% of the company’s stock.

Several institutional investors have recently made changes to their positions in CMCSA. PDS Planning Inc bought a new stake in Comcast during the first quarter valued at about $226,000. Resources Investment Advisors Inc. boosted its position in Comcast by 26.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock valued at $184,000 after purchasing an additional 1,117 shares in the last quarter. National Asset Management Inc. boosted its position in Comcast by 5.3% during the fourth quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock valued at $1,906,000 after purchasing an additional 2,831 shares in the last quarter. Haverford Trust Co. boosted its position in Comcast by 0.3% during the fourth quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock valued at $105,904,000 after purchasing an additional 8,001 shares in the last quarter. Finally, Lee Capital Holdings LLC boosted its position in Comcast by 352.0% during the fourth quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock valued at $919,000 after purchasing an additional 21,026 shares in the last quarter. Hedge funds and other institutional investors own 82.57% 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, 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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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