Comcast (NASDAQ:CMCSA) Stock Rating Lowered by ValuEngine

Comcast (NASDAQ:CMCSA) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Comcast from a “buy” rating to a “hold” rating in a research report on Thursday. Macquarie initiated coverage on shares of Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target for the company. Barclays lifted their price target on shares of Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Guggenheim upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target for the company in a research report on Thursday, May 30th. Finally, TD Securities lifted their price target on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.27.

CMCSA stock traded down $0.29 during trading on Thursday, reaching $42.88. 15,834,667 shares of the stock were exchanged, compared to its average volume of 18,772,295. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $43.50. Comcast has a 1 year low of $32.61 and a 1 year high of $45.29. The stock has a market cap of $194.79 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Comcast’s quarterly revenue was up 23.6% compared to the same quarter last year. Sell-side analysts expect that Comcast will post 3.06 EPS for the current fiscal year.

In related news, SVP Daniel C. Murdock sold 1,701 shares of Comcast stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at $195,359.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.35% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC lifted its position in shares of Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock worth $175,000 after buying an additional 240 shares during the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after buying an additional 243 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock worth $1,752,000 after buying an additional 249 shares during the last quarter. Camarda Financial Advisors LLC lifted its position in shares of Comcast by 8.1% during the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after buying an additional 250 shares during the last quarter. Finally, Mechanics Bank Trust Department lifted its position in shares of Comcast by 1.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 13,918 shares of the cable giant’s stock worth $588,000 after buying an additional 252 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Featured Story: Preferred Stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.