Somewhat Favorable News Coverage Somewhat Unlikely to Impact Comcast Corporation (CMCSA) Share Price
Headlines about Comcast Corporation (NASDAQ:CMCSA) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Comcast Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the cable giant an impact score of 45.9234242591931 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s analysis:
- Bloomberg: Comcast hits 200K subs for mobile service – Seeking Alpha (seekingalpha.com)
- Comcast and NBCUniversal Media Announce Debt Exchange Offer (finance.yahoo.com)
- Stocks Securing Modest Gains: Comcast Corporation (NASDAQ:CMCSA) – NASDAQ Times (nasdaqtimes.com)
- Comcast Corporation (CMCSA) Ex-Dividend Date Scheduled for October 03, 2017 – Nasdaq (nasdaq.com)
- This Week in Comcast: Internet but no cable? Meet Xfinity Instant TV (finance.yahoo.com)
Shares of Comcast Corporation (CMCSA) traded up 1.29% during mid-day trading on Tuesday, hitting $38.30. 18,542,136 shares of the company’s stock traded hands. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company has a market cap of $180.52 billion, a PE ratio of 19.29 and a beta of 0.98. The firm has a 50-day moving average of $39.17 and a 200 day moving average of $39.23.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 EPS. Equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.64%. Comcast Corporation’s payout ratio is 31.74%.
A number of equities analysts have commented on CMCSA shares. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus raised their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.83.
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In related news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock valued at $385,050 over the last 90 days. 1.28% of the stock is owned by corporate insiders.
Comcast Corporation Company Profile
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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