TheStreet reissued their buy rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research report released on Wednesday morning, Analyst Ratings Network reports.
“Comcast (CMCSA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.,” the firm’s analyst wrote.
TheStreet has also modified their ratings on a number of other consumer discretionary stocks in the few days. The firm upgraded shares of Live Nation Entertainment Inc. from a hold rating to a buy rating. Also, TheStreet upgraded shares of Entravision Communications Corp. to a buy rating. Finally, TheStreet upgraded shares of Cablevision Systems Corp. to a hold rating.
Comcast Corp. (NASDAQ:CMCSA) traded down 0.71% on Wednesday, hitting $44.62. Comcast Corp. has a 1-year low of $33.42 and a 1-year high of $46.33. The stock’s 50-day moving average is currently $43.05. The company has a market cap of $119.0 billion and a price-to-earnings ratio of 17.74.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.20 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, September 30th.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Comcast Corp. from $48.00 to $52.00 in a research note to investors on Friday, August 2nd. They now have an outperform rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Comcast Corp. from $48.00 to $50.00 in a research note to investors on Thursday, August 1st. They now have a buy rating on the stock. Finally, analysts at Nomura raised their price target on shares of Comcast Corp. to $50.00 in a research note to investors on Thursday, August 1st.
Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $48.10.
In other Comcast Corp. news, EVP Neil Smit unloaded 19,996 shares of the stock on the open market in a transaction that occured on Wednesday, August 7th. The stock was sold at an average price of $44.95, for a total value of $898,820.20. Following the sale, the executive vice president now directly owns 119,649 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.