Comcast (NASDAQ:CMCSA) was downgraded by UBS Group from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other research analysts have also recently commented on the stock. Pivotal Research restated a “buy” rating and set a $48.00 price target on shares of Comcast in a research note on Thursday, September 20th. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Monday, August 6th. Robert W. Baird cut their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, July 30th. Finally, Raymond James upgraded shares of Comcast from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $44.88.

CMCSA stock opened at $35.40 on Monday. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00. The stock has a market cap of $176.03 billion, a P/E ratio of 17.33, a PEG ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96.

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

In other news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were 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 owns 62,476 shares in the company, valued at $2,245,387.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.31% of the company’s stock.

Large investors have recently bought and sold shares of the company. WP Advisors LLC bought a new position in Comcast in the 2nd quarter worth approximately $105,000. IMA Wealth Inc. acquired a new stake in Comcast during the 2nd quarter worth $108,000. Prentiss Smith & Co. Inc. grew its holdings in Comcast by 229.5% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after acquiring an additional 2,295 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast during the 2nd quarter worth $129,000. Finally, Rainier Group Investment Advisory LLC acquired a new stake in Comcast during the 1st quarter worth $146,000. Institutional investors own 80.10% 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, 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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The Fly

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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