Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Comcast (NASDAQ:CMCSA) Stock

Comcast (NASDAQ:CMCSA) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 14.78% from the stock’s current price.

Several other research analysts have also recently commented on CMCSA. Macquarie reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Friday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $47.75 to $48.00 in a report on Friday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Comcast Trading Down 0.3 %

Comcast stock opened at $43.56 on Friday. The business’s 50-day simple moving average is $40.80 and its 200-day simple moving average is $39.58. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market capitalization of $168.69 billion, a PE ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Comcast will post 4.24 earnings per share for the current year.

Institutional Investors Weigh In On Comcast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC bought a new stake in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC increased its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Finally, Archer Investment Corp lifted its holdings in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors 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.