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

Rosenblatt Securities restated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research report released on Friday, Benzinga reports. They currently have a $45.00 price target on the cable giant’s stock.

CMCSA has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup upped their price target on shares of Comcast from $51.00 to $53.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Benchmark reaffirmed a buy rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. BNP Paribas reissued a neutral rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Oppenheimer restated an outperform rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $49.60.

Comcast Trading Up 0.7 %

CMCSA opened at $38.85 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $154.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.95 and a beta of 0.98. Comcast has a 12 month low of $36.43 and a 12 month high of $47.46. The stock has a fifty day moving average price of $41.54 and a 200-day moving average price of $42.51.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the business earned $0.92 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast will post 4.21 earnings per share for the current fiscal year.

Institutional Trading of Comcast

A number of hedge funds and other institutional investors have recently modified their holdings of CMCSA. Connecticut Wealth Management LLC acquired a new stake in shares of Comcast during the third quarter valued at about $205,000. Oak Harbor Wealth Partners LLC boosted its position in shares of Comcast by 4.2% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 39,124 shares of the cable giant’s stock worth $1,735,000 after purchasing an additional 1,586 shares during the period. First Personal Financial Services acquired a new stake in Comcast in the 3rd quarter valued at approximately $39,000. Ropes Wealth Advisors LLC raised its position in Comcast by 11.9% in the third quarter. Ropes Wealth Advisors LLC now owns 23,473 shares of the cable giant’s stock valued at $1,041,000 after purchasing an additional 2,488 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its position in Comcast by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 566,200 shares of the cable giant’s stock valued at $25,105,000 after purchasing an additional 2,192 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

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.