Buckingham Research Begins Coverage on Comcast Corporation (CMCSA)
Investment analysts at Buckingham Research initiated coverage on shares of Comcast Corporation (NASDAQ:CMCSA) in a research report issued on Monday. The firm set an “outperform” rating on the cable giant’s stock.
Several other equities analysts have also recently weighed in on the stock. Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, September 1st. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.84.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down $0.33 during midday trading on Monday, hitting $35.83. 19,409,380 shares of the stock were exchanged, compared to its average volume of 19,753,961. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $168,540.00, a P/E ratio of 17.94, a PEG ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 12-month low of $33.99 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. equities research analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.
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In related news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Biegel & Waller LLC purchased a new position in Comcast Corporation during the second quarter worth $432,000. Penobscot Investment Management Company Inc. boosted its stake in Comcast Corporation by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after buying an additional 2,828 shares during the period. WINTON GROUP Ltd boosted its stake in Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares during the period. Artisan Partners Limited Partnership boosted its stake in Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares during the period. Finally, Tower Bridge Advisors boosted its stake in Comcast Corporation by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after buying an additional 13,003 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation 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.
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