Comcast Corporation (CMCSA) was Reiterated by Pivotal Research Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 75 from a previous price target of $74 . Pivotal Research Group advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on Comcast Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .
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 closed down -0.27 points or -0.41% at $65.01 with 91,72,335 shares getting traded on Tuesday. Post opening the session at $64.72, the shares hit an intraday low of $64.56 and an intraday high of $65.285 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 17, 2016, Kenneth J Bacon (director) sold 2,500 shares at $62.82 per share price. According to the SEC, on Jun 10, 2016, Judith Rodin (director) sold 245 shares at $62.83 per share price. On Jun 2, 2016, Neil Smit (Sr. EVP) sold 15,121 shares at $63.47 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 Companys 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 Companys other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.