Tuesday, 20 February, 2018

Comcast Corporation Earnings Beat Estimates, But Stock Falls

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Comcast chairman and CEO Brian Roberts Getty Images Comcast chairman and CEO Brian Roberts
Nellie Chapman | 25 January, 2018, 04:00

It has outperformed by 12.26% the S&P500. Therefore 31% are positive. TPG Specialty Lending had 11 analyst reports since July 22, 2015 according to SRatingsIntel. Deutsche Bank has "Sell" rating and GBX 1380 target.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Stifel Nicolaus maintained it with "Buy" rating and $60 target in Wednesday, July 20 report. As per Friday, December 8, the company rating was maintained by UBS. The rating was maintained by Raymond James on Friday, October 13 with "Buy". The company has market cap of $175.94 million. The firm operates through four divisions: Credit Services, Decision Analytics, Marketing Services, and Consumer Services.

CMCSA now trades at a forward P/E of 17.95, a P/B of 3.60, and a P/S of 2.38 while CSX trades at a forward P/E of 15.80, a P/B of 3.48, and a P/S of 4.52.

What's significant for Comcast's new SD-WAN offering is it is the first service that will be delivered on the Comcast Business ActiveCore SDN platform, which the cable MSO is touting as one of the first cable-delivered, gigabit-ready SDN platforms.

Filmed entertainment revenue was down 5.2 percent to $1.7 billion, and adjusted EBITDA was up by 89.7 percent to $230 million, with lower programming and production costs that were partially offset by the decline in revenue. Independent Bank Corporation (IBCP) has risen 39.51% since January 24, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. 115 funds opened positions while 470 raised stakes. Oregon Public Employees Retirement Fund holds 0.86% or 1.38M shares in its portfolio. 10 owns 12,571 shares for 0.12% of their portfolio. City Holdings has invested 0.09% of its portfolio in Comcast Corporation (NASDAQ:CMCSA).

In recent action, Comcast Corporation (CMCSA) has made a move of +3.99% over the past month, which has come on weak relative transaction volume. Davenport Limited Company holds 49,043 shares. It also reduced its holding in Teck Resources Ltd (Call) (NYSE:TCK) by 495,000 shares in the quarter, leaving it with 5,000 shares, and cut its stake in Canadian Pac Ry Ltd (NYSE:CP). Cetera Advisor Network Ltd Company holds 68,205 shares. Arrow Fincl Corp reported 1,680 shares stake.

Asked about TV ad trends, Burke told investors: "Television advertising is holding its own". Glg Prtn Lp holds 0.71% or 345,903 shares in its portfolio. Winslow Mngmt Llc invested in 0% or 137 shares.

Overall Comcast revenue increased 4.2% to $21 billion; net income attributable to Comcast increased 552% to $2.3 billion; adjusted EBITDA (formerly operating cash flow) was flat at $6.8 billion. Therefore 83% are positive. During the same quarter in the previous year, the business earned $0.89 earnings per share. research analysts forecast that Comcast will post 2.05 earnings per share for the current year. Wells Fargo maintained Comcast Corporation (NASDAQ:CMCSA) rating on Monday, October 23. Buckingham Research maintained it with "Buy" rating and $50.0 target in Monday, January 8 report. RBC Capital Markets has "Outperform" rating and $80 target. The firm has "Buy" rating given on Wednesday, October 11 by Cowen & Co. The stock has "Neutral" rating by MoffettNathanson on Wednesday, August 19. Beaumont Finance Prns has invested 0.06% in Comcast Corporation (NASDAQ:CMCSA). On Tuesday, May 30 the stock rating was maintained by Piper Jaffray with "Buy". The stock has "Outperform" rating by RBC Capital Markets on Thursday, February 4. The firm has "Buy" rating given on Wednesday, October 25 by Oppenheimer. The stock has "Buy" rating by Guggenheim on Thursday, August 3. Following the sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. It also reduced Torchmark Corp (NYSE:TMK) stake by 7,392 shares and now owns 147,568 shares. (NYSE:HP) was reduced too.

Since August 7, 2017, it had 0 insider buys, and 5 selling transactions for $23.18 million activity.

In related news, Chairman Brian L. Roberts sold 583,835 shares of the company's stock in a transaction that occurred on Thursday, December 14th. In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future. Moreover, Old Bank In has 0.12% invested in Comcast Corporation (NASDAQ:CMCSA) for 58,451 shares.