Comcast (NASDAQ:CMCSA) Upgraded to “Sell” at ValuEngine

Comcast (NASDAQ:CMCSA) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Several other research analysts have also recently issued reports on CMCSA. Cfra set a $50.00 price objective on Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. BidaskClub cut Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer upgraded Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Thursday, September 5th. Benchmark assumed coverage on Comcast in a research note on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective for the company. Finally, Guggenheim set a $57.00 price objective on Comcast and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. Comcast currently has a consensus rating of “Buy” and an average target price of $50.52.

Shares of NASDAQ CMCSA opened at $43.63 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $200.85 billion, a PE ratio of 17.11, a P/E/G ratio of 1.18 and a beta of 1.05. The business has a 50-day simple moving average of $44.88 and a two-hundred day simple moving average of $43.99. Comcast has a fifty-two week low of $32.61 and a fifty-two week high of $47.27.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $26.83 billion during the quarter, compared to the consensus estimate of $26.77 billion. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, sell-side analysts predict that Comcast will post 3.1 earnings per share for the current fiscal year.

In related news, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the transaction, the chief executive officer now directly owns 4,108,522 shares in the company, valued at $184,801,319.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of Comcast stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,848 shares of company stock valued at $23,295,747. 1.35% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in CMCSA. Outlook Wealth Advisors LLC boosted its stake in shares of Comcast by 2.3% in the third quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock worth $439,000 after acquiring an additional 219 shares during the last quarter. Barber Financial Group Inc. boosted its stake in shares of Comcast by 4.7% in the third quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock worth $241,000 after acquiring an additional 236 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Comcast by 3.6% in the third quarter. Golden State Wealth Management LLC now owns 6,853 shares of the cable giant’s stock worth $309,000 after acquiring an additional 241 shares during the last quarter. Personal Wealth Partners boosted its stake in shares of Comcast by 44.2% in the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock worth $36,000 after acquiring an additional 242 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its stake in shares of Comcast by 0.5% in the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 82.64% 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, 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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