Comcast’s (CMCSA) “Buy” Rating Reiterated at Moffett Nathanson

Moffett Nathanson reiterated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has a $52.00 target price on the cable giant’s stock, up from their prior target price of $45.00.

CMCSA has been the subject of a number of other reports. OTR Global downgraded shares of Comcast to a positive rating in a research report on Monday, October 30th. Evercore ISI reissued an outperform rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Buckingham Research began coverage on shares of Comcast in a research report on Monday, November 20th. They set a buy rating and a $48.00 target price for the company. Wells Fargo & Co reissued a buy rating and set a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura reduced their target price on shares of Comcast from $46.00 to $42.00 and set a buy rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $46.83.

Comcast (NASDAQ:CMCSA) traded up $0.65 during trading on Thursday, hitting $42.50. 22,344,138 shares of the stock were exchanged, compared to its average volume of 21,530,000. Comcast has a 1 year low of $34.78 and a 1 year high of $42.71. The company has a market cap of $198,640.00, a P/E ratio of 20.05, a P/E/G ratio of 1.84 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 (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the prior year, the firm earned $0.92 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. research analysts expect that Comcast will post 2.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock worth $22,961,401 over the last quarter. Corporate insiders own 1.28% of the company’s stock.

Several institutional investors have recently bought and sold shares of CMCSA. Janus Henderson Group PLC raised its position in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Capital International Investors raised its position in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after buying an additional 5,108,525 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after buying an additional 3,513,006 shares in the last quarter. Hedge funds and other institutional investors own 82.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/21/comcasts-cmcsa-buy-rating-reiterated-at-moffett-nathanson.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)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

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