Comcast Corporation (CMCSA) is Reiterated by Telsey Advisory Group to Outperform, Raises Price Target to $ 76.50

Comcast Corporation (CMCSA) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 76.50 from a previous price target of $75 . Telsey Advisory Group advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on Comcast Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $70 .Company shares were Reiterated by Pivotal Research Group on Jul 7, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $74 .

On the company’s financial health, Comcast Corporation reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $19269.00 million for the quarter, compared to analysts expectations of $18997.74 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Comcast Corporation opened for trading at $67.32 and hit $67.88 on the upside on Wednesday, eventually ending the session at $67.77, with a gain of 0.68% or 0.46 points. The heightened volatility saw the trading volume jump to 54,93,499 shares. Company has a market cap of $163,449 M.

Investors should note that on Jul 27, 2016, Comcast Corporation announced a cash dividend of $0.2750. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 26, 2016.

In a different news, on Aug 1, 2016, Brian L Roberts (Chairman of Board, Pres. & CEO) sold 304,109 shares at $67.26 per share price. According to the SEC, on Aug 1, 2016, Neil Smit (Sr. EVP) sold 29,475 shares at $67.86 per share price. On Jun 17, 2016, Kenneth J Bacon (director) sold 2,500 shares at $62.82 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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