Guggenheim upgraded shares of Comcast Corporation (NASDAQ:CMCSA) from a neutral rating to a buy rating in a report issued on Thursday morning, Marketbeat reports. They currently have $46.00 price objective on the cable giant’s stock, up from their prior price objective of $42.00.

A number of other analysts also recently commented on CMCSA. Wells Fargo & Company reiterated an outperform rating and issued a $42.50 price objective on shares of Comcast Corporation in a research report on Friday, April 7th. Robert W. Baird reiterated an outperform rating and issued a $40.00 price objective on shares of Comcast Corporation in a research report on Friday, April 7th. Deutsche Bank AG reiterated a buy rating and issued a $44.00 price objective on shares of Comcast Corporation in a research report on Monday, April 10th. Wunderlich reiterated a buy rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Monday, April 10th. Finally, SunTrust Banks, Inc. initiated coverage on Comcast Corporation in a research report on Tuesday, April 18th. They issued a buy rating and a $45.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $45.69.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 39.60 on Thursday. The company has a market capitalization of $186.65 billion, a P/E ratio of 19.95 and a beta of 1.01. The stock has a 50 day moving average price of $39.64 and a 200-day moving average price of $38.61. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.

In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the sale, the executive vice president now directly owns 980,498 shares of the company’s stock, valued at $38,229,617.02. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC boosted its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora boosted its stake in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the period. Advantage Investment Management LLC bought a new stake in shares of Comcast Corporation during the fourth quarter worth approximately $103,000. Zions Bancorporation boosted its stake in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the period. Finally, Orrstown Financial Services Inc. boosted its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the period. 82.32% of the stock is owned by institutional investors.

About Comcast Corporation

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 Corporation (NASDAQ:CMCSA)

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