Somewhat Positive Press Coverage Very Likely to Impact Comcast (CMCSA) Stock Price

Headlines about Comcast (NASDAQ:CMCSA) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Comcast earned a news impact score of 0.18 on AlphaOne’s scale. AlphaOne also assigned news articles about the cable giant an impact score of 84 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted AlphaOne’s rankings:

Shares of Comcast (NASDAQ:CMCSA) opened at 38.85 on Friday. Comcast has a 1-year low of $30.02 and a 1-year high of $40.62. The stock has a market capitalization of $184.63 billion, a P/E ratio of 20.61 and a beta of 1.07. The stock’s 50 day moving average price is $38.33 and its 200-day moving average price is $36.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The company had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $20.10 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Comcast’s revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Comcast will post $1.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 30th. Comcast’s payout ratio is currently 30.81%.

A number of research analysts have recently commented on CMCSA shares. Macquarie reissued a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Thursday, April 27th. Telsey Advisory Group raised their price target on Comcast from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Wunderlich raised their price target on Comcast from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Comcast in a report on Saturday, April 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 target price (up from $43.00) on shares of Comcast in a report on Saturday, April 29th. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.35.

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In other Comcast news, EVP Stephen B. Burke sold 258,380 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares of the company’s stock, valued at $38,229,617.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 2,356 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total transaction of $89,103.92. Following the transaction, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,382,206.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 367,312 shares of company stock valued at $14,139,345. 1.27% of the stock is owned by insiders.

About Comcast

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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