Comcast (CMCSA) Upgraded at BidaskClub

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.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. analysts anticipate that Comcast will post 2.06 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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