Comcast (NASDAQ:CMCSA) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Comcast (NASDAQ:CMCSA) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

A number of other research firms have also commented on CMCSA. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Barclays dropped their price objective on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Ten investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Price Performance

Comcast stock opened at $27.45 on Monday. The company has a market capitalization of $100.02 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 1.76 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast has a 12 month low of $25.75 and a 12 month high of $44.20. The stock’s 50 day moving average is $30.49 and its 200-day moving average is $33.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. Equities research analysts expect that Comcast will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio is presently 21.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC raised its position in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Avalon Trust Co grew its holdings in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Comcast during the 1st quarter worth approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.