Analysts Set Comcast Co. (NASDAQ:CMCSA) Price Target at $49.60

Comcast Co. (NASDAQ:CMCSA) has been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $49.60.

Several brokerages recently issued reports on CMCSA. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Finally, BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CMCSA. SPC Financial Inc. increased its holdings in shares of Comcast by 4.0% in the first quarter. SPC Financial Inc. now owns 49,636 shares of the cable giant’s stock worth $2,152,000 after purchasing an additional 1,903 shares during the period. VeraBank N.A. boosted its position in shares of Comcast by 20.3% during the 1st quarter. VeraBank N.A. now owns 9,310 shares of the cable giant’s stock valued at $404,000 after acquiring an additional 1,568 shares during the last quarter. Catalina Capital Group LLC grew its holdings in shares of Comcast by 107.3% during the first quarter. Catalina Capital Group LLC now owns 21,043 shares of the cable giant’s stock worth $912,000 after purchasing an additional 10,890 shares in the last quarter. Avidian Wealth Solutions LLC grew its holdings in shares of Comcast by 12.3% during the first quarter. Avidian Wealth Solutions LLC now owns 15,001 shares of the cable giant’s stock worth $650,000 after purchasing an additional 1,640 shares in the last quarter. Finally, TFB Advisors LLC purchased a new stake in Comcast in the first quarter valued at approximately $422,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.9 %

Comcast stock opened at $38.69 on Tuesday. The firm has a market capitalization of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The firm’s fifty day moving average price is $41.26 and its two-hundred day moving average price is $42.38. Comcast has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. On average, equities research analysts predict that Comcast will post 4.21 earnings per share for the current fiscal year.

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.