Comcast (NASDAQ:CMCSA) Lowered to “Neutral” at JPMorgan Chase & Co.

Comcast (NASDAQ:CMCSAGet Rating) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat reports. They currently have a $45.00 price target on the cable giant’s stock, down from their prior price target of $52.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.94% from the company’s previous close.

CMCSA has been the subject of a number of other reports. Raymond James reaffirmed a “hold” rating on shares of Comcast in a research note on Friday, July 8th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 15th. Daiwa Capital Markets began coverage on shares of Comcast in a research note on Friday, July 1st. They issued an “outperform” rating and a $43.00 price objective for the company. Pivotal Research lowered their price objective on shares of Comcast from $62.00 to $57.00 in a research note on Thursday, April 28th. Finally, Wolfe Research lowered shares of Comcast from an “outperform” rating to a “peer perform” rating and lowered their price objective for the stock from $63.00 to $50.00 in a research note on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $52.39.

Comcast Trading Down 4.8 %

NASDAQ CMCSA opened at $37.52 on Friday. The company’s 50-day moving average price is $41.02 and its 200-day moving average price is $44.54. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. The stock has a market cap of $170.09 billion, a PE ratio of 12.10, a PEG ratio of 0.86 and a beta of 0.97. Comcast has a 12 month low of $36.57 and a 12 month high of $61.80.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $30.02 billion for the quarter, compared to analysts’ expectations of $29.72 billion. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Equities research analysts forecast that Comcast will post 3.61 earnings per share for the current year.

Insider Activity

In related news, CAO Daniel C. Murdock sold 8,929 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $44.50, for a total value of $397,340.50. Following the transaction, the chief accounting officer now owns 1,817 shares in the company, valued at approximately $80,856.50. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.11% of the company’s stock.

Hedge Funds Weigh In On Comcast

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teamwork Financial Advisors LLC grew its holdings in shares of Comcast by 5.3% in the 4th quarter. Teamwork Financial Advisors LLC now owns 4,068 shares of the cable giant’s stock worth $205,000 after acquiring an additional 204 shares during the last quarter. Abbrea Capital LLC grew its holdings in shares of Comcast by 0.5% in the 4th quarter. Abbrea Capital LLC now owns 44,236 shares of the cable giant’s stock worth $2,226,000 after acquiring an additional 208 shares during the last quarter. Calton & Associates Inc. grew its holdings in shares of Comcast by 3.1% in the 1st quarter. Calton & Associates Inc. now owns 7,021 shares of the cable giant’s stock worth $328,000 after acquiring an additional 212 shares during the last quarter. RSM US Wealth Management LLC grew its holdings in shares of Comcast by 0.8% during the fourth quarter. RSM US Wealth Management LLC now owns 26,206 shares of the cable giant’s stock valued at $1,319,000 after buying an additional 220 shares in the last quarter. Finally, Tsfg LLC raised its position in Comcast by 9.0% during the fourth quarter. Tsfg LLC now owns 2,735 shares of the cable giant’s stock valued at $138,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

About Comcast

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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