BidaskClub Upgrades Comcast (CMCSA) to Hold

Comcast (NASDAQ:CMCSA) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts also recently issued reports on CMCSA. Macquarie reissued a “hold” rating and issued a $38.00 price target on shares of Comcast in a research note on Sunday, April 29th. Atlantic Securities downgraded Comcast from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 8th. KeyCorp started coverage on Comcast in a research report on Wednesday, May 16th. They issued a “buy” rating and a $38.00 target price on the stock. They noted that the move was a valuation call. ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, TD Securities lowered their target price on Comcast from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the stock. Comcast has a consensus rating of “Buy” and a consensus target price of $46.57.

CMCSA opened at $33.82 on Friday. Comcast has a 1 year low of $30.43 and a 1 year high of $44.00. The stock has a market capitalization of $148.62 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts expect that Comcast will post 2.49 EPS for the current fiscal year.

In related news, SVP Daniel C. Murdock sold 1,694 shares of Comcast stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total transaction of $52,598.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total value of $67,319.60. Following the transaction, the senior vice president now owns 2,585 shares of the company’s stock, valued at approximately $92,026. The disclosure for this sale can be found here. Insiders have sold 30,900 shares of company stock valued at $1,049,962 in the last quarter. 1.31% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Comcast during the first quarter worth approximately $218,000. Private Vista LLC bought a new stake in shares of Comcast during the first quarter worth approximately $438,000. Altium Wealth Management LLC boosted its holdings in shares of Comcast by 35.0% during the first quarter. Altium Wealth Management LLC now owns 10,698 shares of the cable giant’s stock worth $366,000 after acquiring an additional 2,776 shares during the period. Nicola Wealth Management LTD. bought a new stake in shares of Comcast during the first quarter worth approximately $4,750,000. Finally, Suntrust Banks Inc. boosted its holdings in shares of Comcast by 9.4% during the first quarter. Suntrust Banks Inc. now owns 1,529,957 shares of the cable giant’s stock worth $52,277,000 after acquiring an additional 131,174 shares during the period. Institutional investors own 81.92% of the company’s stock.

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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