Comcast Corporation (NASDAQ:CMCSA) Trading Down - Short Interest Up by 46.69%

Lloyd Doyle
September 18, 2017

ValuEngine upgraded Comcast Corporation from a "hold" rating to a "buy" rating in a report on Thursday, July 13th. As of the last earnings report the EPS was $1.99 and is estimated to be $2.04 for the current year with 4,713,372,000 shares now outstanding. The rating was maintained by Peel Hunt with "Buy" on Tuesday, January 24.

Among 20 analysts covering RPC (NYSE:RES), 10 have Buy rating, 0 Sell and 10 Hold. Ten analysts rating the company a strong buy, seventeen analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $71.63. As per Friday, August 11, the company rating was maintained by Pivotal Research. The rating was maintained by Wells Fargo on Thursday, September 17 with "Outperform".

Folketrygdfondet decreased its stake in Statoil Asa (STO) by 2.22% based on its latest 2016Q4 regulatory filing with the SEC. Icon Advisers owns 83,044 shares. Caldwell And Orkin holds 27,200 shares. Comcast Corp A now has $174.06 billion valuation. The stock decreased 1.78% or $0.67 on September 15, reaching $36.93. With 13.17 million shares average volume, it will take short sellers 5 days to cover their CMCSA's short positions. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since September 16, 2016 and is uptrending. It has outperformed by 12.26% the S&P500. Blackrock Inc. owns $11.85 billion in Comcast Corporation, which represents roughly 6.74% of the company's market cap and approximately 8.1% of the institutional ownership. The Firm offers consulting, project delivery, and activities and maintenance services. Its Comcast Cable business operates in the Cable Communications segment.

Investors sentiment increased to 1.28 in 2016 Q4. Its up 0.08, from 0.88 in 2016Q3. It improved, as 59 investors sold Costain Group PLC shares while 405 reduced holdings. 44 funds opened positions while 56 raised stakes. Raging Capital Management Limited Liability Company reported 1.88 million shares. Union Natl Bank Corp invested in 0.35% or 17,200 shares. Rech Mngmt invested in 0.02% or 673 shares. Pennsylvania-based Glenmede Tru Na has invested 0% in RPC, Inc. First Amer Bancshares invested in 0.4% or 69,220 shares. Cove Street Ltd Liability reported 0.39% stake. Credit Agricole S A bought 1.61M shares as the company's stock rose 3.16% with the market. About 1,364 shares traded. Instinet reissued a "buy" rating and issued a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Westpac Corp invested in 70,993 shares or 0% of the stock. The cable giant reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Clinton Grp holds 21,294 shares or 0.09% of its portfolio. The short-interest ratio increased to 15.0 and the short interest percentage is 0.00% as of August 31. Commonwealth Equity has 213,018 shares for 0.11% of their portfolio. SYSCO Corporation (NYSE:SYY) has risen 11.23% since September 17, 2016 and is uptrending. It has underperformed by 35.19% the S&P500. The insider BURKE STEPHEN B sold $10.07M. The insider Ryan John Michael sold $527,737.


Comcast Corporation has a price-earnings ratio of 18.60 with a one year low of $30.02 and a one year high of $42.18 Comcast Corporation's market capitalization is now $0. Analysts expect next quarter's EPS to be $0.50 with next year's EPS projected to be $2.24. Boston Advisors LLC's holdings in Comcast Corporation were worth $23,543,000 as of its most recent filing with the Securities & Exchange Commission. The insider BLOCK ARTHUR R sold 7,053 shares worth $264,281. Parsons Capital Mngmt Inc Ri reported 1.34% in Comcast Corporation (NASDAQ:CMCSA). Therefore 85% are positive.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Seekingalpha.com which released: "Comcast also closing Florida Universal parks to let hurricane pass" on September 08, 2017, also Seekingalpha.com with their article: "Comcast +1.2% as Moffett sees value in pullback" published on September 12, 2017, Investorplace.com published: "Friday's Vital Data: AT&T Inc". The company was downgraded on Friday, January 27 by Pacific Crest. The stock of Cyberark Software Ltd (NASDAQ:CYBR) earned "Buy" rating by Summit Redstone Partners on Wednesday, June 29. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a "buy" rating in a research report on Friday, July 14th. The company was maintained on Thursday, December 17 by Pivotal Research. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, February 4. The firm has "Buy" rating given on Monday, December 19 by Jefferies. They issued a "buy" rating and a $51.00 price target on the stock. The rating was upgraded by Moffett Nathanson to "Buy" on Tuesday, September 12.

Investors sentiment decreased to 1.01 in 2016 Q4. 88 funds opened positions while 132 raised stakes. 441,557 were reported by Utah Retirement System. Macquarie reissued a buy rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Tuesday, May 16th. Comcast Corporation's payout ratio is presently 31.74%. Victory Cap Management reported 540,970 shares. Whitnell And owns 835 shares. Waldron LP has 0.38% invested in Comcast Corporation (NASDAQ:CMCSA). Comcast Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & Chief Accounting Officer Murdock Daniel C. has sold 3,659 shares of Comcast Corporation (CMCSA) in trading session dated August 07, 2017. Patriot Financial Group Insurance Agency LLC boosted its stake in Comcast Corporation by 100.0% in the 1st quarter. Blue Edge has 0% invested in Comcast Corporation (NASDAQ:CMCSA).

Marianas Fund Management Llc increased its stake in Comcast Corp New (CMCSA) by 107.88% based on its latest 2016Q4 regulatory filing with the SEC.

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