Comcast (NASDAQ:CMCSA) PT Lowered to $43.00

Comcast (NASDAQ:CMCSA) had its target price lowered by equities research analysts at Wells Fargo & Company from $47.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the cable giant’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 11.49% from the company’s current price.

Other equities research analysts have also issued reports about the stock. BNP Paribas reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Citigroup boosted their target price 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. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Friday. Scotiabank decreased their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Finally, Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $38.57 on Friday. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46. The firm has a market cap of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The company has a 50 day moving average of $41.58 and a 200 day moving average of $42.56. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. As a group, research analysts expect that Comcast will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Greenwich Wealth Management LLC grew its stake in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after acquiring an additional 219 shares in the last quarter. Legend Financial Advisors Inc. grew its stake in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. grew its stake in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares in the last quarter. Keystone Financial Services grew its stake in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares in the last quarter. Finally, Ironwood Financial llc grew its stake in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 238 shares in the last quarter. Institutional investors 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.