Comcast (NASDAQ:CMCSA) Now Covered by Analysts at Rosenblatt Securities

Analysts at Rosenblatt Securities assumed coverage on shares of Comcast (NASDAQ:CMCSA – Get Rating) in a research report issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the cable giant’s stock.

A number of other research analysts have also commented on the company. StockNews.com initiated coverage on Comcast in a report on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley lowered their target price on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, January 28th. Oppenheimer lowered their target price on Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, April 14th. Barclays lowered their target price on Comcast from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, January 28th. Finally, Royal Bank of Canada raised Comcast from a “sector perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Monday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $61.88.

CMCSA opened at $46.86 on Tuesday. Comcast has a fifty-two week low of $44.27 and a fifty-two week high of $61.80. The business has a 50-day moving average of $47.00 and a 200-day moving average of $49.88. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $212.43 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92.

Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The cable giant reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The business had revenue of $30.34 billion for the quarter, compared to analyst estimates of $29.63 billion. Comcast had a return on equity of 15.61% and a net margin of 12.17%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, equities research analysts expect that Comcast will post 3.52 earnings per share for the current fiscal year.

In related news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its position in Comcast by 2.4% in the 4th quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock valued at $8,958,989,000 after purchasing an additional 4,198,673 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Comcast by 8.8% in the 4th quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after buying an additional 12,642,202 shares during the period. Wellington Management Group LLP increased its stake in shares of Comcast by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 99,553,850 shares of the cable giant’s stock valued at $5,568,047,000 after buying an additional 1,672,746 shares during the period. Dodge & Cox increased its stake in shares of Comcast by 1.1% in the 4th quarter. Dodge & Cox now owns 84,666,165 shares of the cable giant’s stock valued at $4,261,248,000 after buying an additional 958,091 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Comcast by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 79,539,982 shares of the cable giant’s stock valued at $3,992,896,000 after buying an additional 2,575,372 shares during the period. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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