Comcast (NASDAQ:CMCSA) Downgraded to “Outperform” at Raymond James

Raymond James cut shares of Comcast (NASDAQ:CMCSA) from a strong-buy rating to an outperform rating in a research report report published on Friday morning. The brokerage currently has $21.00 target price on the cable giant’s stock, down from their previous target price of $25.00.

Other research analysts have also recently issued research reports about the stock. KeyCorp upped their price target on shares of Comcast from $43.00 to $50.00 and gave the company an overweight rating in a report on Friday, April 26th. TD Securities upped their price target on shares of Comcast from $50.00 to $57.00 and gave the company a buy rating in a report on Monday, April 29th. Morgan Stanley upped their price target on shares of Comcast from $46.00 to $48.00 and gave the company an overweight rating in a report on Friday, April 26th. BidaskClub cut shares of Comcast from a buy rating to a hold rating in a report on Tuesday, June 11th. Finally, Rosenblatt Securities initiated coverage on shares of Comcast in a report on Friday. They issued a buy rating and a $50.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Comcast currently has an average rating of Buy and a consensus price target of $43.68.

Shares of NASDAQ:CMCSA opened at $42.31 on Friday. Comcast has a 52 week low of $32.08 and a 52 week high of $43.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $192.02 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.18 and a beta of 1.12.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, research analysts anticipate that Comcast will post 3.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.

In other Comcast news, EVP Arthur R. Block sold 16,576 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $39.62, for a total value of $656,741.12. Following the completion of the sale, the executive vice president now owns 86,769 shares in the company, valued at $3,437,787.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 13,765 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $39.43, for a total transaction of $542,753.95. Following the completion of the sale, the executive vice president now owns 68,878 shares of the company’s stock, valued at approximately $2,715,859.54. The disclosure for this sale can be found here. Insiders have sold 848,352 shares of company stock valued at $35,443,780 in the last 90 days. 1.35% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Camarda Financial Advisors LLC lifted its stake in Comcast by 8.1% in the first quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock valued at $133,000 after acquiring an additional 250 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its stake in Comcast by 3.5% in the first quarter. Alpha Omega Wealth Management LLC now owns 7,631 shares of the cable giant’s stock valued at $305,000 after acquiring an additional 255 shares during the last quarter. Stokes & Hubbell Capital Management LLC lifted its stake in Comcast by 1.3% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 20,560 shares of the cable giant’s stock valued at $822,000 after acquiring an additional 259 shares during the last quarter. Optimum Investment Advisors lifted its stake in Comcast by 5.0% in the first quarter. Optimum Investment Advisors now owns 5,769 shares of the cable giant’s stock valued at $231,000 after acquiring an additional 274 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its stake in Comcast by 0.7% in the first quarter. Chesley Taft & Associates LLC now owns 41,805 shares of the cable giant’s stock valued at $1,671,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.

Comcast Company Profile

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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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