Comcast (CMCSA) Reaches New 1-Year High After Analyst Upgrade
Shares of Comcast Co. (NASDAQ:CMCSA) hit a new 52-week high during mid-day trading on Monday after Nomura raised their price target on the stock from $41.00 to $44.00. Nomura currently has a neutral rating on the stock. Comcast traded as high as $41.72 and last traded at $41.66, with a volume of 401764 shares trading hands. The stock had previously closed at $41.30.
A number of other analysts also recently issued reports on CMCSA. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Macquarie reaffirmed a “hold” rating and set a $39.00 price target on shares of Comcast in a report on Monday, December 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Comcast in a report on Tuesday, January 22nd. TD Securities raised their price target on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.45.
In related news, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the transaction, the senior vice president now owns 1,005 shares of the company’s stock, valued at $35,727.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David N. Watson sold 201,007 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the completion of the transaction, the executive vice president now directly owns 817,992 shares in the company, valued at approximately $31,337,273.52. The disclosure for this sale can be found here. In the last three months, insiders sold 1,284,720 shares of company stock worth $49,080,076. 1.31% of the stock is currently owned by insiders.
The stock has a market cap of $192.35 billion, a PE ratio of 16.38, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. During the same period last year, the firm posted $0.49 earnings per share. Comcast’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 2.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. Comcast’s dividend payout ratio (DPR) is 32.94%.
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Comcast Company Profile (NASDAQ:CMCSA)
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.
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