Comcast (CMCSA) Cut to Strong Sell at ValuEngine

ValuEngine cut shares of Comcast (NASDAQ:CMCSA) from a sell rating to a strong sell rating in a research note issued to investors on Monday morning.

A number of other analysts have also recently commented on the stock. Moffett Nathanson restated a neutral rating and set a $36.00 target price on shares of Comcast in a report on Monday. Oppenheimer restated a market perform rating and set a $42.00 target price on shares of Comcast in a report on Monday. UBS Group cut shares of Comcast from an outperform rating to a market perform rating in a report on Monday. Pivotal Research restated a buy rating and set a $48.00 target price on shares of Comcast in a report on Thursday, September 20th. Finally, Atlantic Securities upgraded shares of Comcast from a neutral rating to an overweight rating and set a $42.00 price target on the stock in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. Comcast has a consensus rating of Buy and a consensus target price of $45.08.

Shares of CMCSA stock opened at $35.37 on Monday. Comcast has a 12 month low of $30.43 and a 12 month high of $44.00. The firm has a market cap of $164.42 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. analysts expect that Comcast will post 2.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, October 2nd. Comcast’s payout ratio is 36.89%.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was 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 of the company’s stock, valued at approximately $2,245,387.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.31% of the company’s stock.

Large investors have recently modified their holdings of the business. WP Advisors LLC purchased a new position in Comcast in the 2nd quarter worth about $105,000. IMA Wealth Inc. purchased a new position in Comcast in the 2nd quarter worth about $108,000. Prentiss Smith & Co. Inc. raised its position in Comcast by 229.5% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after buying an additional 2,295 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Comcast in the 2nd quarter worth about $129,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in Comcast in the 1st quarter worth about $146,000. 80.10% of the stock is owned by institutional investors and hedge funds.

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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