Comcast’s (CMCSA) “Neutral” Rating Reiterated at Rosenblatt Securities

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reissued by analysts at Rosenblatt Securities in a report issued on Friday, Benzinga reports. They presently have a $45.00 price objective on the cable giant’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 16.67% from the stock’s current price.

CMCSA has been the topic of several other reports. Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Price Performance

NASDAQ:CMCSA opened at $38.57 on Friday. The firm has a market cap of $153.19 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average is $41.58 and its two-hundred day moving average is $42.56.

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

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of Comcast

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

Comcast Company Profile

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.