Comcast Co. (NASDAQ:CMCSA) Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NASDAQ CMCSA traded down $0.06 during mid-day trading on Friday, reaching $46.35. The company had a trading volume of 10,775,115 shares, compared to its average volume of 14,765,342. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a market cap of $210.93 billion, a PE ratio of 18.18, a P/E/G ratio of 1.26 and a beta of 1.08. The company has a 50-day moving average price of $43.59 and a two-hundred day moving average price of $42.07. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $46.62.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. On average, research analysts expect that Comcast Co. will post 3.09 EPS for the current year.
A number of research firms have recently commented on CMCSA. Pivotal Research reissued a “buy” rating and issued a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Thursday. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a research note on Thursday, May 30th. Finally, Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus target price of $46.97.
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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