Pacific Crest Maintains Comcast Corporation to Overweight with Price Target $74.00

Brokerage firm Pacific Crest Maintains its rating on Comcast Corporation(NASDAQ:CMCSA). In a research note issued to the investors, the brokerage major Raises the price-target to $74.00 per share. The shares have been rated Overweight. The rating by Pacific Crest was issued on Jul 28, 2016.

In a different note, On May 4, 2016, Goldman Sachs said it Maintains its rating on Comcast Corporation. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Buy’ by the firm.

Comcast Corporation (CMCSA) made into the market gainers list on Thursdays trading session with the shares advancing 0.51% or 0.34 points. Due to strong positive momentum, the stock ended at $67.18, which is also near the day’s high of $67.27. The stock began the session at $66.68 and the volume stood at 67,29,703 shares. The 52-week high of the shares is $68.36 and the 52 week low is $50.01. The company has a current market capitalization of $162,026 M and it has 2,41,18,25,700 shares in outstanding.

Comcast Corporation has also declared a cash dividend of $0.2750 on Jul 27, 2016. The shares will quote ex-dividend on Oct 3, 2016 and the record date has been fixed on Oct 5, 2016. The dividend payable date has been fixed on Oct 26, 2016.

Comcast Corporation(CMCSA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $19.27B. Analysts had an estimated revenue of $19.02B. Earnings per share were $0.83. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Kenneth J Bacon (director) sold 2,500 shares at $62.82 per share price.Also, 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 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.

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