Comcast (NASDAQ:CMCSA) PT Lowered to $43.00

Comcast (NASDAQ:CMCSA) had its price target lowered by analysts at Wells Fargo & Company from $47.00 to $43.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the cable giant’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.49% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast Trading Up 1.8 %

Shares of Comcast stock opened at $38.57 on Friday. Comcast has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. The company has a market capitalization of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The company’s fifty day moving average is $41.58 and its two-hundred day moving average is $42.56.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that Comcast will post 4.23 earnings per share for the current year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comcast

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Everett Harris & Co. CA raised its position in shares of Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after buying an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. raised its position in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after buying an additional 1,486 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares during the last quarter. PFG Advisors raised its position in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after buying an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Comcast in the third quarter valued at approximately $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.