Comcast Corporation (CMCSA) Receives Average Recommendation of “Buy” from Analysts
Shares of Comcast Corporation (NASDAQ:CMCSA) have received an average recommendation of “Buy” from the thirty analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.75.
Several equities analysts have recently commented on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. OTR Global downgraded shares of Comcast to a “positive” rating in a report on Monday, October 30th. Buckingham Research assumed coverage on shares of Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company reissued a “buy” rating and issued a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. Finally, Nomura decreased their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was 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 owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast (CMCSA) traded up $0.59 during mid-day trading on Monday, hitting $39.71. 47,358,402 shares of the stock traded hands, compared to its average volume of 20,502,658. Comcast has a 1 year low of $34.12 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $185,595.44, a P/E ratio of 19.71, a PEG ratio of 1.90 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. equities analysts expect that Comcast will post 2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
COPYRIGHT VIOLATION WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/comcast-corporation-cmcsa-receives-average-recommendation-of-buy-from-analysts/1771491.html.
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.
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.