Comcast (NASDAQ:CMCSA) Reaching An Inflection Point; KeyBanc Initiates Shares At Buy with $38.0000 target

May 17, 2018 - By Jeanette Kaplan

Comcast Corporation (NASDAQ:CMCSA) Logo

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.10, from 1.03 in 2017Q3. It is negative, as 75 investors sold Comcast Corporation shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported.

6,821 were accumulated by Evergreen Mngmt Limited Liability Com. Raymond James Fincl Advisors reported 419,697 shares stake. Renaissance Gru Ltd Company invested 1.11% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Hennessy Advsr Inc invested in 14,380 shares or 0.02% of the stock. Wg Shaheen & Associate Dba Whitney &, a New York-based fund reported 169,231 shares. Bancorporation stated it has 23,878 shares or 0.1% of all its holdings. Hemenway Ltd Llc, New Hampshire-based fund reported 5,013 shares. Putnam Invs Limited Company reported 6.21M shares. Robecosam Ag holds 6,400 shares. Fund Sa owns 1.11 million shares. South State accumulated 185,423 shares. Sunbelt Securities Incorporated invested in 9,622 shares or 0.37% of the stock. Delta Capital Mngmt Limited Liability has 0.94% invested in Comcast Corporation (NASDAQ:CMCSA) for 37,690 shares. Livingston Group Incorporated Asset Management (Operating As Southport Cap Management) has 0.38% invested in Comcast Corporation (NASDAQ:CMCSA) for 24,992 shares. Franklin Street Incorporated Nc has 0.09% invested in Comcast Corporation (NASDAQ:CMCSA).

Since December 14, 2017, it had 0 buys, and 11 sales for $62.58 million activity. The insider Murdock Daniel C. sold $30,411. 190,756 shares valued at $8.11M were sold by BURKE STEPHEN B on Friday, January 26. Shares for $22.57M were sold by ROBERTS BRIAN L on Thursday, December 14. 131,447 shares were sold by WATSON DAVID N, worth $4.84M.

Why Has KeyBanc Given Comcast (NASDAQ:CMCSA) a $38.0000 Price Target

Equity analysts at KeyBanc placed a key Buy rating for Comcast (NASDAQ:CMCSA). The firm began coverage in analysts report revealed to investors on 16 May. The target price per share gives upside of 17.25 % from the last stock price.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 15 analysts covering Comcast (NASDAQ:CMCSA), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Comcast has $54 highest and $39 lowest target. $48’s average target is 48.10% above currents $32.41 stock price. Comcast had 18 analyst reports since November 21, 2017 according to SRatingsIntel. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Thursday, March 22 by UBS. Wells Fargo maintained it with “Outperform” rating and $50 target in Thursday, January 25 report. The firm earned “Buy” rating on Friday, April 20 by Scotia Capital. On Thursday, January 25 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Buckingham Research on Monday, January 8. The stock has “Buy” rating by Jefferies on Thursday, January 25. RBC Capital Markets maintained it with “Buy” rating and $48.0 target in Tuesday, January 30 report. The rating was maintained by Guggenheim with “Buy” on Friday, January 26. Guggenheim maintained the shares of CMCSA in report on Tuesday, December 19 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 18 by Moffett Nathanson.

The stock decreased 0.43% or $0.14 during the last trading session, reaching $32.41. About 19.43M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since May 18, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26. They expect $0.61 earnings per share, up 17.31 % or $0.09 from last year’s $0.52 per share. CMCSA’s profit will be $2.81 billion for 13.28 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -1.61 % negative EPS growth.

Comcast Corporation operates as a media and technology firm worldwide. The company has market cap of $149.14 billion. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks divisions. It has a 6.82 P/E ratio. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business clients under the XFINITY brand.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “Who Are T-Mobile’s Competition?” on May 16, 2018, also Nasdaq.com with their article: “Streaming Alone Makes Walt Disney Co Stock a No-Brainer Value Buy” published on May 16, 2018, Seekingalpha.com published: “Breakup fee added to Comcast bid for Fox” on May 10, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Bizjournals.com and their article: “Tired of lines for theme park rides? Universal Orlando has patented a new tech that may shorten the wait” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Highlights from Appaloosa’s Q1” with publication date: May 15, 2018.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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