Scotiabank Trims Comcast (NASDAQ:CMCSA) Target Price to $47.25

Comcast (NASDAQ:CMCSA) had its price target reduced by Scotiabank from $50.00 to $47.25 in a research report report published on Friday, Benzinga reports. They currently have a sector perform rating on the cable giant’s stock.

CMCSA has been the topic of several other reports. Benchmark reaffirmed a buy rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI restated an outperform rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Rosenblatt Securities reiterated a neutral rating and issued a $45.00 target price on shares of Comcast in a research note on Friday. Oppenheimer restated an outperform rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $50.00 to $47.00 and set an equal weight rating for the company in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $49.60.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA opened at $38.85 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $154.31 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The company’s 50-day simple moving average is $41.54 and its 200-day simple moving average is $42.51. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

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

Institutional Trading of Comcast

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at $2,542,988,000. Capital World Investors increased its stake in shares of Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after purchasing an additional 15,625,543 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 215.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock worth $158,835,000 after buying an additional 2,474,946 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other 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.