Comcast's Q3 Profit Jumps 20% On Broadband Subscription Growth

Comcast's Q3 Profit Jumps 20% On Broadband Subscription Growth”

Cable television subscribers are leaving Comcast at a faster pace, the company reported Thursday, signaling impact from a consumer shift from traditional TV services to online channels and streaming services. But the residential video loss of 134,000 continues the trend of MVPD losses this quarter - a swing from this time previous year when Comcast and other large providers posted modest gains in video subs. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of "Buy" and an average price target of $46.07.

Shares of Comcast Corporation (CMCSA) opened at 36.83 on Thursday. 5,618,656 shares of the stock traded hands. The company's market cap is $172.1 Billion. Now we look at the Moving Averages, the 200-day is -4.62%, the 50-day is -4.44% and the 20-day is -1.44%.

Comcast Corporation (CMCSA) has a Return on Assets of 5.3 percent, Return on Investment of 10 percent and a Return on Equity of 17.7 percent. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.04. Adjusted EBITDA increased 6% to $2.3 billion, as increases at theme parks, filmed entertainment and cable networks helped fight off a decline at broadcast television.

The Philadelphia company's per-share earnings came to 55 cents, or 52 cents when one-time benefits and charges are stripped away. On average, analysts forecast that Comcast Corp. will post $3.52 EPS for the current year. Comcast Corp.'s dividend payout ratio is now 33.43%. The stock fell -6.97 percent over the past six months. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

In other news, Director Kenneth J. Bacon sold 2,232 shares of the business's stock in a transaction on Friday, September 15th. The stock was sold at an average price of $67.86, for a total value of $2,000,173.50. Company insiders own 1.28% of the company's stock. The relative volume of the stock is 1.14. In the second quarter, Comcast lost 34,000 residential and business video customers. Donaldson Capital Management LLC's holdings in Comcast Corporation were worth $28,292,000 at the end of the most recent quarter.

If we look at the Volatility of Comcast Corporation (CMCSA), Week Volatility is 1.83%, whereas Month Volatility is at 1.88%. Ameriprise Financial Inc. increased its stake in Comcast Corporation by 95.7% in the first quarter.

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