ValuEngine lowered shares of Comcast (NASDAQ:CMCSA) from a sell rating to a strong sell rating in a research note released on Monday morning.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Comcast from a sell rating to a hold rating in a research report on Friday, June 15th. Pivotal Research reissued a buy rating on shares of Comcast in a report on Friday, August 10th. Jefferies Financial Group initiated coverage on shares of Comcast in a report on Thursday, June 7th. They issued a buy rating and a $41.00 target price for the company. Raymond James raised shares of Comcast from a market perform rating to an outperform rating in a report on Thursday, July 19th. Finally, Credit Suisse Group initiated coverage on shares of Comcast in a report on Tuesday, July 10th. They issued a neutral rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $45.08.

NASDAQ CMCSA opened at $35.37 on Monday. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00. The stock has a market cap of $164.42 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. sell-side analysts forecast that Comcast will post 2.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.15%. Comcast’s payout ratio is 36.89%.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CMCSA. Argent Trust Co boosted its stake in Comcast by 16.7% in the 4th quarter. Argent Trust Co now owns 30,805 shares of the cable giant’s stock worth $1,234,000 after purchasing an additional 4,417 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Comcast by 0.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 668,918 shares of the cable giant’s stock valued at $22,858,000 after acquiring an additional 4,666 shares during the last quarter. Boston Research & Management Inc. boosted its position in shares of Comcast by 5.2% during the 1st quarter. Boston Research & Management Inc. now owns 87,165 shares of the cable giant’s stock valued at $2,978,000 after acquiring an additional 4,330 shares during the last quarter. Fairfield Bush & CO. boosted its position in shares of Comcast by 11.0% during the 1st quarter. Fairfield Bush & CO. now owns 29,929 shares of the cable giant’s stock valued at $1,022,000 after acquiring an additional 2,956 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Comcast by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,629,700 shares of the cable giant’s stock valued at $55,687,000 after acquiring an additional 52,000 shares during the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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