Comcast’s (CMCSA) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a report published on Wednesday morning, Benzinga reports. They currently have a $55.00 price target on the cable giant’s stock.

CMCSA has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research reduced their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $43.56 on Wednesday. The business’s 50-day moving average price is $40.80 and its 200-day moving average price is $39.58. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market cap of $168.69 billion, a PE ratio of 11.59, a P/E/G ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Comcast will post 4.24 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.85%. Comcast’s dividend payout ratio (DPR) is 32.98%.

Hedge Funds Weigh In On Comcast

Institutional investors have recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Finally, Archer Investment Corp raised its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors.

About Comcast

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.