Brokerages Set Comcast Corporation (CMCSA) PT at $45.75

Comcast Corporation (NASDAQ:CMCSA) has earned an average rating of “Buy” from the thirty brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.75.

CMCSA has been the topic of a number of research analyst reports. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Robert W. Baird restated a “buy” rating and set a $43.00 price target on shares of Comcast in a research report on Wednesday, October 4th. Pivotal Research increased their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th.

Comcast (CMCSA) traded up $1.43 during midday trading on Monday, reaching $40.81. The company had a trading volume of 34,245,891 shares, compared to its average volume of 20,540,203. The company has a market cap of $182,931.39, a price-to-earnings ratio of 19.42, a PEG ratio of 1.88 and a beta of 1.01. Comcast has a 1-year low of $34.12 and a 1-year high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. research analysts anticipate that Comcast will post 2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 30.36%.

In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last three months, insiders sold 593,556 shares of company stock worth $22,958,411. 1.28% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of CMCSA. Kahn Brothers Group Inc. DE raised its stake in Comcast by 65.4% during the 1st quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock worth $624,000 after buying an additional 10,687 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in Comcast during the 1st quarter worth $753,000. Mutual of America Capital Management LLC raised its stake in Comcast by 139.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock worth $25,537,000 after buying an additional 395,902 shares during the period. Intellectus Partners LLC raised its stake in Comcast by 72.3% during the 1st quarter. Intellectus Partners LLC now owns 15,480 shares of the cable giant’s stock worth $582,000 after buying an additional 6,494 shares during the period. Finally, Stevens Capital Management LP raised its stake in Comcast by 1,392.2% during the 1st quarter. Stevens Capital Management LP now owns 696,476 shares of the cable giant’s stock worth $26,181,000 after buying an additional 649,800 shares during the period. 82.13% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Brokerages Set Comcast Corporation (CMCSA) PT at $45.75” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/12/21/brokerages-set-comcast-corporation-cmcsa-pt-at-45-75.html.

Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

What are top analysts saying about Comcast? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Comcast and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit