Comcast's TV Subscriber Losses Accelerate, But Earnings Rise

Comcast offices in Philadelphia Pennsylvania

Comcast offices in Philadelphia Pennsylvania

Moffett Nathanson raised Comcast Corporation from a "neutral" rating to a "buy" rating and set a $45.00 price target on the stock in a report on Tuesday, September 12th.

Receive Comcast Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation with MarketBeat.com's FREE daily email newsletter. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Argus boosted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, August 4th.

Comcast Corporation (CMCSA) escalated 0.9% and closed its last trading session at $36.83. The stock's last price was higher from the average trading price of 50 days recorded at $53.07 while enlarging the period to 200 trading days, the average price was $54.91. Comcast held steady in part by getting customers to pay more - the average monthly bill climbed 2.1 percent from a year earlier to $151.51. The firm has a market capitalization of $173.59 billion, a PE ratio of 18.55 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04.

Comcast Corporation (NASDAQ:CMCSA) gross margin percentage stands at 69.1% while its operating margin for the past trailing twelve month is 21.2 percent and its overall profit margin (ttm) is 11.4 Percent.

The results beat Wall Street analysts' expectations, but revenue of just less then $21 billion, up 1%, fell short of estimates. During the same period in the previous year, the firm posted $0.84 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter a year ago. They expect this year's earnings to rise 17.24% year-over-year to $2.04, followed by 7.84% growth in the next year to $2.2.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Week Herald and is owned by of Week Herald. If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the company's stock in a transaction on Friday, September 15th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant's stock worth $100,000 after buying an additional 1,340 shares during the last quarter. Wrapmanager Inc. raised its position in shares of Comcast Corp.by 6.2% in the first quarter. Teachers Advisors Inc. now owns 4,808,142 shares of the cable giant's stock valued at $293,681,000 after buying an additional 281,963 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust raised its holdings in Comcast Corporation by 12.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 18,864 shares of the cable giant's stock valued at $1,152,000 after buying an additional 820 shares during the last quarter. Institutional investors own 82.22% of the company's stock.

Comcast Corporation is a media and technology company. The two fastest growing business in the cable division now are its internet business and telecom services to small and mid-sized companies. Its Comcast Cable business operates in Cable Communications segment.

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