Rosenblatt Securities Lowers Comcast (NASDAQ:CMCSA) Price Target to $33.00

Comcast (NASDAQ:CMCSA) had its target price reduced by equities research analysts at Rosenblatt Securities from $38.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the cable giant’s stock. Rosenblatt Securities’ target price points to a potential upside of 11.71% from the stock’s current price.

Several other research analysts also recently commented on the stock. Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Arete Research upgraded shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. UBS Group set a $43.00 price objective on shares of Comcast in a research report on Friday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $39.76.

Comcast Stock Up 1.0%

Shares of CMCSA opened at $29.54 on Friday. Comcast has a one year low of $29.15 and a one year high of $45.31. The company has a market cap of $109.07 billion, a P/E ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $32.23 and a two-hundred day simple moving average of $33.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.34 billion during the quarter. Research analysts forecast that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Trading of Comcast

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Foster Group Inc. increased its holdings in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the period. Argyle Capital Management LLC increased its holdings in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC increased its holdings in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the period. Webster Bank N. A. increased its holdings in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares during the period. Finally, Cape Investment Advisory Inc. increased its holdings in Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.