Comcast (NASDAQ:CMCSA) Downgraded by Raymond James to “Outperform”

Share on StockTwits

Raymond James downgraded shares of Comcast (NASDAQ:CMCSA) from a strong-buy rating to an outperform rating in a report published on Friday. Raymond James currently has $21.00 price target on the cable giant’s stock, down from their previous price target of $25.00.

A number of other research analysts have also commented on CMCSA. Guggenheim upgraded shares of Comcast from a neutral rating to a buy rating and set a $42.31 price objective on the stock in a research note on Thursday, May 30th. BidaskClub upgraded shares of Comcast from a sell rating to a hold rating in a research note on Monday, February 25th. Nomura raised their price objective on shares of Comcast from $41.00 to $44.00 and gave the company a neutral rating in a research note on Friday, April 12th. Macquarie upgraded shares of Comcast from a neutral rating to an outperform rating and set a $49.00 price objective on the stock in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada lowered shares of Comcast from an outperform rating to a sector perform rating and lowered their price objective for the company from $45.00 to $42.00 in a research note on Friday, March 29th. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Comcast presently has a consensus rating of Buy and a consensus price target of $43.68.

Shares of NASDAQ:CMCSA opened at $42.56 on Friday. The company has a 50 day moving average price of $42.45. Comcast has a 52 week low of $32.08 and a 52 week high of $43.96. The firm has a market capitalization of $193.16 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. During the same quarter last year, the business earned $0.66 earnings per share. Comcast’s revenue was up 17.8% compared to the same quarter last year. Sell-side analysts anticipate that Comcast will post 3.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.

In related news, EVP Arthur R. Block sold 16,576 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $39.62, for a total transaction of $656,741.12. Following the completion of the sale, the executive vice president now directly owns 86,769 shares in the company, valued at $3,437,787.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel C. Murdock sold 1,038 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $43,596.00. Following the sale, the senior vice president now owns 3,707 shares of the company’s stock, valued at $155,694. The disclosure for this sale can be found here. Insiders have sold 644,419 shares of company stock valued at $27,308,893 over the last 90 days. 1.35% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Horizon Investments LLC raised its holdings in Comcast by 145.0% in the 1st quarter. Horizon Investments LLC now owns 16,336 shares of the cable giant’s stock worth $650,000 after acquiring an additional 9,668 shares during the period. Nordea Investment Management AB raised its holdings in Comcast by 67.5% in the 1st quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock worth $690,651,000 after acquiring an additional 6,960,677 shares during the period. Lowe Brockenbrough & Co. Inc. raised its holdings in Comcast by 1.3% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 202,350 shares of the cable giant’s stock worth $8,090,000 after acquiring an additional 2,675 shares during the period. Cerebellum GP LLC raised its holdings in Comcast by 110.0% in the 1st quarter. Cerebellum GP LLC now owns 8,603 shares of the cable giant’s stock worth $344,000 after acquiring an additional 4,506 shares during the period. Finally, Hi Line Capital Management LLC raised its holdings in Comcast by 1.7% in the 1st quarter. Hi Line Capital Management LLC now owns 198,515 shares of the cable giant’s stock worth $7,937,000 after acquiring an additional 3,335 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Travelzoo  Set to Announce Earnings on Wednesday
Travelzoo Set to Announce Earnings on Wednesday
Zacks: Brokerages Expect OncoSec Medical Inc  Will Post Earnings of -$1.37 Per Share
Zacks: Brokerages Expect OncoSec Medical Inc Will Post Earnings of -$1.37 Per Share
First Republic Bank  Receives $103.00 Consensus Price Target from Brokerages
First Republic Bank Receives $103.00 Consensus Price Target from Brokerages
Raymond James  Set to Announce Quarterly Earnings on Wednesday
Raymond James Set to Announce Quarterly Earnings on Wednesday
-$0.35 Earnings Per Share Expected for Adaptimmune Therapeutics PLC –  This Quarter
-$0.35 Earnings Per Share Expected for Adaptimmune Therapeutics PLC – This Quarter
American Airlines Group  Set to Announce Earnings on Thursday
American Airlines Group Set to Announce Earnings on Thursday


© 2006-2019 Ticker Report