Comcast (CMCSA) Receives “Neutral” Rating from Nomura

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reissued by investment analysts at Nomura in a report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. Barclays lowered their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Buckingham Research upped their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Instinet cut shares of Comcast from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, KeyCorp reiterated a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.44.

Shares of Comcast (NASDAQ:CMCSA) traded down $0.14 during trading hours on Thursday, hitting $41.68. 17,078,000 shares of the stock traded hands, compared to its average volume of 19,878,855. The firm has a market cap of $193,630.00, a PE ratio of 19.66, a PEG ratio of 1.83 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a one year low of $34.78 and a one year high of $42.71.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. sell-side analysts forecast that Comcast will post 2.05 EPS for the current fiscal year.

In related news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 593,402 shares of company stock worth $22,961,401. Insiders own 1.28% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CMCSA. Westpac Banking Corp raised its holdings in Comcast by 10.0% during the fourth quarter. Westpac Banking Corp now owns 1,044,992 shares of the cable giant’s stock worth $41,852,000 after buying an additional 94,894 shares during the last quarter. Sterling Investment Management Inc. raised its holdings in Comcast by 4.8% during the fourth quarter. Sterling Investment Management Inc. now owns 83,092 shares of the cable giant’s stock worth $3,328,000 after buying an additional 3,815 shares during the last quarter. Cullinan Associates Inc. raised its holdings in Comcast by 10.3% during the fourth quarter. Cullinan Associates Inc. now owns 349,552 shares of the cable giant’s stock worth $14,000,000 after buying an additional 32,639 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Comcast by 9.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 18,904,883 shares of the cable giant’s stock worth $756,899,000 after buying an additional 1,646,360 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in Comcast by 63.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 4,408 shares of the cable giant’s stock worth $176,000 after buying an additional 1,712 shares during the last quarter. Institutional investors own 82.20% of the company’s stock.

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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)

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