Comcast (CMCSA) Receives Daily News Sentiment Rating of 0.86
Headlines about Comcast (NASDAQ:CMCSA) have trended somewhat positive this week, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Comcast earned a media sentiment score of 0.86 on their scale. InfoTrie also gave media headlines about the cable giant an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Comcast’s analysis:
- Xfinity Drivers Take Over Philadelphia With Comcast – Kickin’ the Tires (kickinthetires.net)
- Comcast, 8×8, AT&T, Verizon Clean Up with TBI Partner Awards – Channel Partners (channelpartnersonline.com)
- The CEO Of Roku Explains Why Media Companies Aren’t A Threat (finance.yahoo.com)
- The Walt Disney Company and Comcast Announce Agreement on Hulu’s Future Governance and Ownership – Associated Press (apnews.com)
- Comcast volunteers ‘Make Change Happen’ at 3 Vermont sites on 18th Comcast Cares Day – vtdigger.org (vtdigger.org)
Comcast stock opened at $43.19 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $196.37 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.14 and a beta of 1.13. Comcast has a twelve month low of $30.67 and a twelve month high of $43.96.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Comcast’s payout ratio is currently 32.94%.
A number of research analysts have weighed in on the company. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Tuesday. TD Securities upped their target price on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Raymond James upped their target price on Comcast from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Barclays upped their target price on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Morgan Stanley upped their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus price target of $44.65.
In related news, CAO Daniel C. Murdock sold 919 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the transaction, the chief accounting officer now directly owns 3,453 shares of the company’s stock, valued at approximately $139,363.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 457,633 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the transaction, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The disclosure for this sale can be found here. Insiders sold a total of 1,214,832 shares of company stock worth $49,408,359 in the last 90 days. 1.35% of the stock is currently owned by company insiders.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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