Comcast Corporation (NASDAQ:CMCSA) casts a spell over analysts

Posted by Lynn Eisler August 22, 2013 0 Comment 774 views


Verus/Thomson Reuters cut their rating on Comcast Corporation (NASDAQ:CMCSA) shares from a “buy” to a “hold” on Monday. Numerous other analysts have recently commented on the CMCSA stock. Ned Davis Research’s analysts upgraded the shares from a “neutral” to a “buy” on Monday.

The Street’s analysts reiterated their “buy” rating on the Comcast stock. Oppenheimer’s analysts now have an “outperform” rating in the stock and have raised the price-target from $48.00 to $52.00.

Six analysts have set a “hold” rating on the stock, 24 have assigned a “buy” rating and 1 analyst has assigned a “strong-buy” rating on CMCSA stock. Currently the average target price of the stock stands at $48.10.

Latest trading session

In Wednesday’s trading session, Comcast Corporation (NASDAQ:CMCSA) stock dipped 2.01%. The opening price of the shares was $42.46 which touched an intraday high of $42.47 and closed at $41.83. More than 14.09 million shares were traded on Wednesday while the average volume of shares traded over 30 days was 10.65 million. The company has a market cap of $109.80 billion.

The dividend

Very recently, Comcast also announced its quarterly dividend. This is slated for 23 October. Shareholders who are on records as of 2 October will be eligible for this dividend of $0.20/share. This represents a yield of 1.83% and the $0.78 dividend on an annualized-basis. September 30 is the ex-dividend date of the dividend.

The company

Comcast is company that provides information, various communications and extraordinary entertainment services and products. It operates in 5 different business segments- high-speed Internet, voice services, cable services, and Cable Communications to business and residential customers. The cable networks division is largely made up of its regional news and sports networks, national cable-television networks as well as its cable-television production studio. Broadcast Television primarily consists of its Telemundo and NBC broadcast networks, its Telemundo and NBC owned local- television stations.


About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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