ValuEngine Upgrades Comcast (NASDAQ:CMCSA) to Sell

Comcast (NASDAQ:CMCSA) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

CMCSA has been the topic of several other reports. Guggenheim set a $57.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein started coverage on shares of Comcast in a report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price target on the stock. Cfra set a $50.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley set a $53.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Co started coverage on shares of Comcast in a report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.52.

Shares of CMCSA stock opened at $43.51 on Tuesday. The company has a market capitalization of $200.85 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.05. The firm has a fifty day simple moving average of $44.80 and a 200-day simple moving average of $44.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast has a twelve month low of $32.61 and a twelve month high of $47.27.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $26.83 billion during the quarter, compared to the consensus estimate of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts predict that Comcast will post 3.1 EPS for the current year.

In related news, Director Sheldon M. Bonovitz sold 5,600 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total value of $254,632.00. Following the sale, the director now owns 27,912 shares of the company’s stock, valued at approximately $1,269,158.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 508,248 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the sale, the chief executive officer now directly owns 4,108,522 shares in the company, valued at approximately $184,801,319.56. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Krane Funds Advisors LLC bought a new position in shares of Comcast during the 2nd quarter valued at about $25,000. Bray Capital Advisors purchased a new stake in Comcast during the second quarter valued at about $30,000. Litman Gregory Asset Management LLC purchased a new stake in Comcast during the second quarter valued at about $31,000. Guidant Wealth Advisors purchased a new stake in Comcast during the third quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Comcast during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 82.64% of the company’s stock.

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.

See Also: What is meant by a buy rating?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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