Somewhat Positive Press Coverage Somewhat Unlikely to Impact Comcast Corporation (CMCSA) Stock Price
Media headlines about Comcast Corporation (NASDAQ:CMCSA) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Comcast Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the cable giant an impact score of 46.1312485716146 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Short Interest Expands By 46.7% For CMCSA (nasdaq.com)
- Stocks In Red That Might Produce Some Green (finance.yahoo.com)
- Comcast Business Launches New Platform That Helps Enterprises Streamline Operations and Save Money (finance.yahoo.com)
- Comcast Pushes Faster Connections Platform to Win Commercial Customers (finance.yahoo.com)
- Comcast Unveils New Katy Perry Destination on Xfinity X1 (finance.yahoo.com)
Several equities analysts have recently weighed in on CMCSA shares. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Argus lifted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a research note on Sunday, July 9th. Finally, Bank of America Corporation lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 0.16% during midday trading on Wednesday, reaching $37.96. 23,363,401 shares of the company’s stock traded hands. The firm has a market capitalization of $178.92 billion, a PE ratio of 19.12 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock’s 50-day moving average price is $40.17 and its 200 day moving average price is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same period last year, the firm posted $0.83 EPS. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.28% of the company’s stock.
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About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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