Comcast (NASDAQ:CMCSA) Upgraded at StockNews.com

StockNews.com upgraded shares of Comcast (NASDAQ:CMCSA) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued reports about the stock. Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Performance

CMCSA opened at $42.56 on Tuesday. Comcast has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $162.86 billion, a PE ratio of 11.44, a P/E/G ratio of 1.63 and a beta of 1.00. The firm has a 50 day moving average of $42.23 and a two-hundred day moving average of $40.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. On average, analysts anticipate that Comcast will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Trading of Comcast

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in shares of Comcast during the second quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth approximately $30,000. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. Finally, IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other 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.