Comcast’s (CMCSA) Outperform Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Comcast (NASDAQ:CMCSAFree Report) in a report published on Wednesday morning, Benzinga reports. Oppenheimer currently has a $55.00 price objective on the cable giant’s stock.

Other research analysts have also recently issued research reports about the stock. Evercore ISI restated an outperform rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities boosted their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a neutral rating in a research note on Friday, December 22nd. Wells Fargo & Company boosted their price target on shares of Comcast from $45.00 to $50.00 and gave the stock an equal weight rating in a research note on Friday, January 26th. Pivotal Research boosted their price target on shares of Comcast from $55.00 to $58.00 and gave the stock a buy rating in a research note on Wednesday, December 13th. Finally, Redburn Atlantic cut shares of Comcast from a buy rating to a neutral rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of Moderate Buy and an average target price of $49.68.

Check Out Our Latest Stock Analysis on Comcast

Comcast Trading Down 0.7 %

Shares of Comcast stock opened at $41.53 on Wednesday. The company’s fifty day simple moving average is $43.04 and its 200-day simple moving average is $43.13. The stock has a market capitalization of $164.95 billion, a PE ratio of 11.16, a P/E/G ratio of 0.97 and a beta of 0.98. Comcast has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities analysts anticipate that Comcast will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.99%. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 31.18%.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently modified their holdings of the business. Everett Harris & Co. CA lifted its position in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after acquiring an additional 121,279 shares during the last quarter. PFG Advisors lifted its position in Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after acquiring an additional 5,159 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Comcast during the third quarter valued at approximately $8,868,000. CIC Wealth LLC lifted its position in Comcast by 42.8% during the third quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after acquiring an additional 2,638 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Comcast during the third quarter valued at approximately $90,000. 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.

Featured Articles

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.