Comcast (NASDAQ:CMCSA) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.
A number of other equities analysts have also issued reports on CMCSA. UBS reaffirmed an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Barclays decreased their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Finally, ValuEngine downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.93.
Comcast (NASDAQ CMCSA) opened at $40.32 on Tuesday. Comcast has a fifty-two week low of $34.03 and a fifty-two week high of $42.18. The stock has a market capitalization of $189,590.00, a P/E ratio of 19.07, a P/E/G ratio of 1.84 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated 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 owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC acquired a new stake in Comcast during the 3rd quarter worth $104,000. Zions Bancorporation grew its holdings in Comcast by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Clear Perspective Advisors LLC grew its holdings in Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Comcast during the 2nd quarter worth $107,000. Finally, First Bank & Trust grew its holdings in Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Hedge funds and other institutional investors own 82.50% of the company’s stock.
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Comcast 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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