Comcast (CMCSA) Lifted to Overweight at KeyCorp

Comcast (NASDAQ:CMCSA) was upgraded by investment analysts at KeyCorp to an “overweight” rating in a research note issued to investors on Thursday.

CMCSA has been the subject of several other reports. Pivotal Research reissued a “buy” rating and set a $113.00 price objective on shares of Comcast in a report on Wednesday, February 28th. UBS dropped their price objective on Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Scotiabank set a $52.00 price objective on Comcast and gave the stock a “buy” rating in a report on Friday, January 19th. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Bank of America boosted their price objective on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.23.

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Shares of NASDAQ CMCSA opened at $32.72 on Thursday. The stock has a market cap of $150.53 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98. Comcast has a 12-month low of $30.43 and a 12-month high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. sell-side analysts forecast that Comcast will post 2.48 earnings per share for the current fiscal year.

In related news, EVP Arthur R. Block sold 2,471 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $87,967.60. Following the completion of the sale, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,242,372.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the sale, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at $70,384. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,210,111 shares of company stock valued at $44,299,007. 1.28% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Comcast by 3.8% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 33,851 shares of the cable giant’s stock worth $1,356,000 after acquiring an additional 1,252 shares during the last quarter. Halbert Hargrove Russell LLC boosted its position in Comcast by 20.0% during the 4th quarter. Halbert Hargrove Russell LLC now owns 7,719 shares of the cable giant’s stock worth $309,000 after acquiring an additional 1,285 shares during the last quarter. NTV Asset Management LLC boosted its position in Comcast by 13.4% during the 4th quarter. NTV Asset Management LLC now owns 10,933 shares of the cable giant’s stock worth $438,000 after acquiring an additional 1,296 shares during the last quarter. Brightworth boosted its position in Comcast by 11.1% during the 4th quarter. Brightworth now owns 13,030 shares of the cable giant’s stock worth $522,000 after acquiring an additional 1,300 shares during the last quarter. Finally, GM Advisory Group Inc. boosted its position in Comcast by 24.3% during the 4th quarter. GM Advisory Group Inc. now owns 6,778 shares of the cable giant’s stock worth $271,000 after acquiring an additional 1,324 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)