Comcast (CMCSA) Stock Rating Lowered by BidaskClub

Comcast (NASDAQ:CMCSA) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley began coverage on shares of Comcast in a research note on Thursday. They issued an “overweight” rating and a $46.00 price objective for the company. Scotiabank set a $48.00 price objective on shares of Comcast and gave the company a “buy” rating in a research note on Wednesday, October 31st. Oppenheimer reiterated a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, September 24th. UBS Group lowered shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Finally, ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.57.

Shares of NASDAQ CMCSA opened at $38.34 on Thursday. Comcast has a fifty-two week low of $30.43 and a fifty-two week high of $44.00. The stock has a market capitalization of $177.88 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The business had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. As a group, sell-side analysts expect that Comcast will post 2.53 earnings per share for the current year.

In related news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CMCSA. Boyar Asset Management Inc. lifted its holdings in shares of Comcast by 1.3% during the 3rd quarter. Boyar Asset Management Inc. now owns 107,169 shares of the cable giant’s stock worth $3,795,000 after acquiring an additional 1,393 shares during the last quarter. Robecosam AG lifted its holdings in shares of Comcast by 18.1% during the 3rd quarter. Robecosam AG now owns 9,210 shares of the cable giant’s stock worth $324,000 after acquiring an additional 1,410 shares during the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of Comcast by 13.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock worth $401,000 after acquiring an additional 1,444 shares during the last quarter. Aries Wealth Management lifted its holdings in shares of Comcast by 11.6% during the 2nd quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock worth $515,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Comcast by 19.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 9,204 shares of the cable giant’s stock worth $325,000 after acquiring an additional 1,503 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

About Comcast

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

Further Reading: Growth Stocks

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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