Royal Bank Of Canada Has Lowered Expectations for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its price target cut by analysts at Royal Bank Of Canada from $38.00 to $32.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “sector perform” rating on the cable giant’s stock. Royal Bank Of Canada’s price target points to a potential upside of 14.98% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. TD Cowen cut their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Loop Capital cut their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Arete cut their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Citigroup cut their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.74.

Comcast Stock Up 1.9%

CMCSA stock opened at $27.83 on Friday. Comcast has a 52-week low of $25.75 and a 52-week high of $45.31. The company’s 50 day simple moving average is $31.40 and its 200-day simple moving average is $33.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.91. The firm has a market capitalization of $102.75 billion, a P/E ratio of 4.63, a P/E/G ratio of 1.65 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. As a group, equities research analysts anticipate that Comcast will post 4.33 EPS for the current year.

Institutional Trading of Comcast

Several large investors have recently added to or reduced their stakes in the business. Foster Group Inc. grew its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC grew its position in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC grew its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares in the last quarter. Webster Bank N. A. grew its position in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its position in Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after acquiring an additional 307 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

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.