Deutsche Bank Aktiengesellschaft Lowers Comcast (NASDAQ:CMCSA) Price Target to $35.00

Comcast (NASDAQ:CMCSAGet Free Report) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from $40.00 to $35.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 17.65% from the stock’s previous close.

Several other equities research analysts have also commented on CMCSA. UBS Group set a $37.00 price objective on Comcast in a research note on Monday, January 12th. Citigroup restated a “buy” rating and issued a $33.00 price target (up previously from $32.79) on shares of Comcast in a research report on Friday. BNP Paribas Exane lowered their price objective on Comcast from $28.10 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Arete Research set a $23.00 target price on shares of Comcast in a report on Tuesday, January 6th. Finally, TD Cowen decreased their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $34.90.

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Comcast Trading Up 1.7%

Comcast stock opened at $29.75 on Friday. The business has a 50-day simple moving average of $28.41 and a two-hundred day simple moving average of $30.32. Comcast has a 52-week low of $25.75 and a 52-week high of $37.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $108.41 billion, a P/E ratio of 5.54, a P/E/G ratio of 2.06 and a beta of 0.81.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts predict that Comcast will post 4.33 EPS for the current year.

Institutional Trading of Comcast

Several hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Comcast in the second quarter valued at about $3,528,361,000. Dodge & Cox boosted its position in Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the period. State Street Corp raised its position in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Comcast

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Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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