BidaskClub cut shares of Comcast (NASDAQ:CMCSA) from a strong-buy rating to a buy rating in a report released on Wednesday morning.

Other analysts have also recently issued research reports about the stock. Oppenheimer reiterated a market perform rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, September 24th. ValuEngine upgraded shares of Comcast from a sell rating to a hold rating in a research note on Wednesday, October 31st. TD Securities dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a buy rating for the company in a research note on Tuesday, September 25th. Barclays assumed coverage on shares of Comcast in a research note on Tuesday, November 13th. They issued an overweight rating and a $44.00 price objective for the company. Finally, Goldman Sachs Group reiterated a neutral rating and issued a $38.00 price objective on shares of Comcast in a research note on Monday, October 22nd. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $44.61.

Shares of CMCSA stock opened at $37.69 on Wednesday. The stock has a market cap of $175.05 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.19 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. On average, research analysts forecast that Comcast will post 2.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio is 36.89%.

In related news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction 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 SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. boosted its stake in shares of Comcast by 76.7% in the 2nd quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after purchasing an additional 11,878 shares during the last quarter. BigSur Wealth Management LLC bought a new stake in shares of Comcast in the 2nd quarter valued at $264,000. Dana Investment Advisors Inc. boosted its stake in shares of Comcast by 0.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 679,814 shares of the cable giant’s stock valued at $22,305,000 after purchasing an additional 4,657 shares during the last quarter. Personal Capital Advisors Corp boosted its stake in shares of Comcast by 11.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 1,092,755 shares of the cable giant’s stock valued at $35,853,000 after purchasing an additional 112,781 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Comcast in the 2nd quarter valued at $169,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Company Profile

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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