Comcast (NASDAQ:CMCSA) Receives “Neutral” Rating from Rosenblatt Securities

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

A number of other analysts have also recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the company a buy rating in a report on Tuesday, January 30th. Evercore ISI reissued an outperform rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. StockNews.com lowered shares of Comcast from a strong-buy rating to a buy rating in a research note on Friday, March 22nd. Finally, Benchmark reaffirmed a buy rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Comcast currently has an average rating of Moderate Buy and a consensus target price of $49.45.

Comcast Trading Up 1.8 %

Shares of NASDAQ CMCSA opened at $38.57 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $41.58 and a two-hundred day simple moving average of $42.57. The firm has a market cap of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS 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 business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Comcast will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Comcast

Hedge funds and other institutional investors have recently made changes to their positions in the business. Phoenix Wealth Advisors lifted its position in shares of Comcast by 40.6% during the 1st quarter. Phoenix Wealth Advisors now owns 60,116 shares of the cable giant’s stock worth $2,606,000 after buying an additional 17,349 shares during the last quarter. Hourglass Capital LLC grew its holdings in shares of Comcast by 0.9% during the first quarter. Hourglass Capital LLC now owns 40,963 shares of the cable giant’s stock worth $1,776,000 after purchasing an additional 373 shares during the last quarter. Conning Inc. increased its position in shares of Comcast by 13.4% during the first quarter. Conning Inc. now owns 912,850 shares of the cable giant’s stock worth $39,496,000 after purchasing an additional 107,798 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Comcast by 27.6% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 167,601 shares of the cable giant’s stock valued at $6,728,000 after purchasing an additional 36,235 shares during the last quarter. Finally, Northwest Bancshares Inc. boosted its position in shares of Comcast by 15.6% in the 1st quarter. Northwest Bancshares Inc. now owns 13,176 shares of the cable giant’s stock valued at $571,000 after purchasing an additional 1,779 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

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.