Comcast Corporation (CMCSA) Given Neutral Rating at KeyCorp
Comcast Corporation (NASDAQ:CMCSA)‘s stock had its “neutral” rating reaffirmed by KeyCorp in a research report issued on Sunday.
Several other analysts have also issued reports on CMCSA. Instinet reissued a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities started coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Finally, BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $45.83.
Comcast Corporation (NASDAQ CMCSA) opened at 36.93 on Friday. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company has a market cap of $174.06 billion, a P/E ratio of 18.60 and a beta of 1.01. The firm has a 50-day moving average price of $40.00 and a 200-day moving average price of $39.17.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CMCSA. State Street Corp boosted its position in Comcast Corporation by 97.6% during the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC boosted its position in Comcast Corporation by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Comcast Corporation by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Comcast Corporation by 103.1% during the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after acquiring an additional 28,597,277 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Comcast Corporation by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. 82.02% of the stock is currently owned by institutional investors and hedge funds.
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.
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