6 days Ago By Defense World Staff
Comcast (NASDAQ:CMCSA – Free Report) had its target price cut by KeyCorp from $47.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports.
They currently have an overweight rating on the cable giant’s stock.Several other equities analysts also recently weighed in on the company. Benchmark reduced their target price on Comcast from $57.
00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital cut their price objective on shares of Comcast from $54.
00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Morgan Stanley lowered their target price on shares of Comcast from $45.
00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.
00 to $38.00 in a research note on Friday, January 31st. Finally, BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.
00 price objective for the company. in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.
Get Our Latest Report on CMCSAComcast Stock PerformanceShares of NASDAQ CMCSA opened at $34.15 on Monday. The company has a debt-to-equity ratio of 1.
09, a current ratio of 0.68 and a quick ratio of 0.68.
The company has a market cap of $129.12 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.
78 and a beta of 0.94. The company has a 50-day simple moving average of $35.
57 and a 200-day simple moving average of $38.49. Comcast has a 12 month low of $32.
20 and a 12 month high of $45.31. Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th.
The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.
08. Comcast had a return on equity of 19.98% and a net margin of 13.
09%. On average, equities analysts anticipate that Comcast will post 4.33 earnings per share for the current year.
Comcast Increases DividendThe company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share.
This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd.
This represents a $1.32 annualized dividend and a yield of 3.87%.
Comcast’s payout ratio is 31.81%. Institutional Inflows and OutflowsA number of institutional investors and hedge funds have recently bought and sold shares of CMCSA.
Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% during the 4th quarter.
Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc.
acquired a new stake in shares of Comcast in the 4th quarter valued at about $28,000. Finally, Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% in the first quarter.
Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.
About Comcast (Get Free Report)Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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