Comcast’s (CMCSA) Buy Rating Reiterated at Pivotal Research

Pivotal Research restated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research report sent to investors on Thursday, TipRanks reports. Pivotal Research currently has a $52.00 target price on the cable giant’s stock.

CMCSA has been the subject of a number of other reports. Guggenheim lowered shares of Comcast from a buy rating to a neutral rating in a research note on Tuesday, May 19th. BidaskClub upgraded shares of Comcast from a hold rating to a buy rating in a research report on Tuesday, July 28th. Benchmark reiterated a buy rating and set a $54.00 price objective on shares of Comcast in a research report on Friday, May 22nd. UBS Group reduced their target price on Comcast from $49.00 to $41.00 and set a neutral rating for the company in a report on Monday, April 20th. Finally, Oppenheimer reaffirmed a hold rating on shares of Comcast in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $48.38.

Shares of NASDAQ:CMCSA opened at $42.80 on Thursday. The company has a market capitalization of $195.34 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 0.97. The stock has a fifty day moving average of $40.51 and a 200-day moving average of $40.20. Comcast has a one year low of $31.70 and a one year high of $47.74.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The company had revenue of $23.72 billion for the quarter, compared to analyst estimates of $23.56 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Comcast’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, research analysts forecast that Comcast will post 2.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 annualized dividend and a yield of 2.15%. Comcast’s dividend payout ratio is 29.39%.

In related news, CAO Daniel C. Murdock sold 4,536 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $38.60, for a total value of $175,089.60. Following the completion of the transaction, the chief accounting officer now directly owns 10,085 shares in the company, valued at $389,281. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. TFG Advisers LLC acquired a new position in Comcast during the fourth quarter worth $32,000. Efficient Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter worth about $25,000. Asset Advisors Investment Management LLC bought a new position in Comcast during the 2nd quarter valued at about $32,000. Evolution Wealth Advisors LLC boosted its position in Comcast by 68.5% in the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in Comcast during the second quarter worth about $33,000. 83.16% of the stock is currently owned by institutional investors and hedge funds.

Comcast Company Profile

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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