StockNews.com upgraded shares of Comcast (NASDAQ:CMCSA – Get Ranking) from a purchase ranking to a strong-buy ranking in a analysis notice launched on Thursday morning.
A number of different analysis analysts have additionally not too long ago weighed in on CMCSA. TD Securities dropped their worth goal on shares of Comcast from $70.00 to $65.00 and set a purchase ranking on the inventory in a analysis notice on Friday, April twenty ninth. Morgan Stanley dropped their worth goal on shares of Comcast from $60.00 to $55.00 in a analysis notice on Friday, April twenty ninth. Pivotal Analysis dropped their worth goal on shares of Comcast from $62.00 to $57.00 in a analysis notice on Thursday, April twenty eighth. Oppenheimer dropped their worth goal on shares of Comcast from $75.00 to $60.00 and set an outperform ranking on the inventory in a analysis notice on Thursday, April 14th. Lastly, JPMorgan Chase & Co. dropped their worth goal on shares of Comcast from $60.00 to $52.00 in a analysis notice on Friday, April twenty ninth. One analyst has rated the inventory with a promote ranking, seven have assigned a maintain ranking, fifteen have given a purchase ranking and one has given a robust purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the inventory presently has a median ranking of Purchase and a median goal worth of $59.46.
NASDAQ:CMCSA opened at $41.48 on Thursday. The corporate’s 50 day shifting common worth is $45.28 and its 200-day shifting common worth is $48.35. Comcast has a 52 week low of $39.47 and a 52 week excessive of $61.80. The corporate has a fast ratio of 0.86, a present ratio of 0.86 and a debt-to-equity ratio of 1.02. The inventory has a market cap of $188.04 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.88 and a beta of 0.97.
Comcast (NASDAQ:CMCSA – Get Ranking) final issued its earnings outcomes on Thursday, April twenty eighth. The cable large reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Comcast had a internet margin of 11.96% and a return on fairness of 15.92%. The corporate had income of $31.01 billion for the quarter, in comparison with analysts’ expectations of $30.40 billion. Throughout the identical quarter final yr, the corporate posted $0.76 earnings per share. The agency’s quarterly income was up 14.0% on a year-over-year foundation. As a bunch, sell-side analysts anticipate that Comcast will put up 3.55 earnings per share for the present yr.
The agency additionally not too long ago declared a quarterly dividend, which will probably be paid on Wednesday, July twenty seventh. Stockholders of document on Wednesday, July sixth will probably be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, July fifth. This represents a $1.08 annualized dividend and a dividend yield of two.60%. Comcast’s dividend payout ratio is at present 34.84%.
In different information, CEO David N. Watson offered 65,410 shares of the enterprise’s inventory in a transaction dated Friday, March eleventh. The shares have been offered at a median worth of $45.69, for a complete worth of $2,988,582.90. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is offered at this hyperlink. Insiders personal 1.35% of the corporate’s inventory.
A number of hedge funds and different institutional buyers have not too long ago purchased and offered shares of the inventory. Migdal Insurance coverage & Monetary Holdings Ltd. acquired a brand new place in Comcast in the course of the third quarter valued at roughly $26,000. AHL Funding Administration Inc. bought a brand new stake in shares of Comcast within the 4th quarter valued at $30,000. Sandy Cove Advisors LLC bought a brand new stake in shares of Comcast within the 4th quarter valued at $31,000. Core Different Capital boosted its holdings in shares of Comcast by 86.9% within the 4th quarter. Core Different Capital now owns 684 shares of the cable large’s inventory valued at $34,000 after buying a further 318 shares over the last quarter. Lastly, Rise Advisors LLC bought a brand new stake in shares of Comcast within the 4th quarter valued at $36,000. Hedge funds and different institutional buyers personal 83.33% of the corporate’s inventory.
About Comcast (Get Ranking)
Comcast Company operates as a media and expertise firm worldwide. It operates by Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications phase provides broadband, video, voice, wi-fi, and different providers to residential and enterprise clients beneath the Xfinity model; and promoting providers.
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