Comcast Corporation (CMCSA) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 70

Comcast Corporation (CMCSA) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Comcast Corporation. Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 65 from a previous price target of $68 .Comcast Corporation was Upgraded by Argus to ” Buy” on Feb 5, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 67 from a previous price target of $68 .

On the company’s financial health, Comcast Corporation reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.79. The company had revenue of $18790.00 million for the quarter, compared to analysts expectations of $18637.13 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Comcast Corporation opened for trading at $62.2 and hit $62.79 on the upside on Wednesday, eventually ending the session at $61.3, with a gain of 0.41% or 0.25 points. The heightened volatility saw the trading volume jump to 1,70,71,411 shares. Company has a market cap of $148,672 M.

In a different news, on Apr 22, 2016, Arthur R Block (EVP, GC and Secretary) sold 1,002 shares at $61.25 per share price. According to the SEC, on Mar 15, 2016, J Michael Cook (director) sold 12,066 shares at $59.00 per share price. On Mar 2, 2016, Lawrence J Salva (EVP & Chief Accounting Officer) sold 48,044 shares at $59.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Comcast Corporation is a media and technology company. The Company has two primary businesses Comcast Cable and NBCUniversal. The Company’s business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment and Theme Parks. Cable Communications consists of the operations of Comcast Cable a provider of video high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks regional sports and news networks international cable networks and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Company’s other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

Comcast Corporation

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