Comcast (CMCSA) Stock Rating Upgraded by BidaskClub

Comcast (NASDAQ:CMCSA) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued research reports about the company. Pivotal Research reissued a “buy” rating and set a $52.00 price objective on shares of Comcast in a research report on Wednesday, January 24th. Nomura reissued a “neutral” rating and set a $42.00 price objective (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Instinet lowered Comcast from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Thursday, January 18th. SunTrust Banks raised their price objective on Comcast to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Guggenheim raised their price objective on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus price target of $46.84.

Shares of CMCSA stock opened at $34.26 on Tuesday. Comcast has a 52 week low of $32.74 and a 52 week high of $44.00. The firm has a market capitalization of $154,894.30, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. sell-side analysts anticipate that Comcast will post 2.47 EPS for the current fiscal year.

In related news, SVP Daniel C. Murdock sold 916 shares of Comcast stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, the senior vice president now directly owns 2,120 shares in the company, valued at approximately $70,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Brian L. Roberts sold 691,105 shares of Comcast stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The disclosure for this sale can be found here. Insiders sold a total of 1,400,867 shares of company stock valued at $52,408,044 over the last quarter. 1.28% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Comcast during the 3rd quarter valued at about $104,000. Vigilant Capital Management LLC grew its stake in shares of Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after purchasing an additional 2,134 shares during the period. Clear Perspective Advisors LLC grew its stake in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the period. Finally, Tower View Investment Management & Research LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $109,000. Institutional investors and hedge funds own 83.49% of the company’s stock.

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About Comcast

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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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