Is Comcast (NASDAQ:CMCSA) a Buy or a Sell? What Does Nomura Think?


Why Has Nomura Given Comcast (NASDAQ:CMCSA) a $72.0 Price Target

New York: Comcast (NASDAQ:CMCSA) coverage was initiated with a key ‘”Buy”‘ rating as well as a $72.0 target price per share at Nomura. The target by Nomura would now indicate upside of 19.26% from the last stock close.

From a total of 25 analysts covering Comcast Corporation (NASDAQ:CMCSA) stock, 23 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $84 while the lowest target price is $65. The mean of all analyst targets is $70.76 with a 19.55% above today’s ($59.54) stock price. Comcast Corporation was the topic of 16 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Nomura initiated shares on December 8 with “Buy” rating. Wunderlich maintained shares with “Buy” rating and $78.0 target share price in a report from a September 16. Suntrust Robinson initiated CMCSA stock in a recent report from November 11 with “Neutral” rating. MoffettNathanson upgraded the rating on August 19. MoffettNathanson has a “Neutral” rating and a $67 price target on shares. Finally, Macquarie Research maintained the stock with “Neutral” rating in a report issued on a September 29.

The stock decreased 1.37% or $0.83 during the last trading session, striking $59.54. Approximately shares of stock traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 3.26% since May 6, 2015 and is uptrending. It has outperformed by 4.06% the S&P500.

The overall sentiment of institutions has increased to 0.96 in Q2 2015. Its up 0.04, from 0.92 in 2015Q2. The ratio is positive, as 84 institutions have sold all the shares of Comcast Corporation that they owned while 451 funds have taken shares off the table. 92 funds have purchased shares for the first time while 421 added to their positions. These institutions now hold 1.69 billion shares or 0.34% less than the 1.70 billion shares they owned in 2015Q2.

The Fund Mediatel Partners currently is holding shares equating to 84.46% of its total portfolio in Comcast Corporation representing a total of 2.91 million shares. Another fund,Aristeia Capital Llc, is holding a total of 5.97 million shares equating to 17.29% of their holdings. Additionally, Lansdowne Partners (Uk) Llp has a 27.75 million share stake in Comcast Corporation which represents 13.3% of their total portfolio. The Fund, Nevsky Capital Llp, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 12.96% of their total portfolio. Finally Rit Capital Partners Plc, a fund which is based in the state of United Kingdom reported a total holdings of 948,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of Comcast Corporation have witnessed 0 insider buys, and a total of 6 insider sales equating to a net activity of approximately $14.05 million . Salva Lawrence J sold 4,524 shares worth approximately $260,130. Cohen David L sold 63,066 shares worth approximately $3.53M. Block Arthur R sold 2,258 shares worth approximately $141,906. Smit Neil sold 30,732 shares worth approximately $1.93 million. The company insider Angelakis Michael J sold 382,566 shares worth $22.32M.

Comcast Corporation is a media and technology company. The company has a market cap of $148.01 billion. The Firm has two primary businesses, Comcast Cable and NBCUniversal. It has 18.66 P/E ratio. The Company’s business line comprises five divisions: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment, and Theme Parks.

According to Zacks Investment Research, “Comcast Corp., among the world’s leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what’s important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.” Get a free copy of the Zacks research report on Comcast Corporation (CMCSA).