Comcast (NASDAQ:CMCSA) PT Lowered to $47.25 at Scotiabank

Comcast (NASDAQ:CMCSA) had its price objective lowered by Scotiabank from $50.00 to $47.25 in a research note published on Friday morning, Benzinga reports. The firm currently has a sector perform rating on the cable giant’s stock.

Several other research analysts have also weighed in on CMCSA. Rosenblatt Securities reiterated a neutral rating and set a $45.00 price objective on shares of Comcast in a report on Friday. Redburn Atlantic lowered shares of Comcast from a buy rating to a neutral rating and cut their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Oppenheimer restated an outperform rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Citigroup raised their price target on shares of Comcast from $51.00 to $53.00 and gave the company a buy rating in a report on Tuesday, January 30th. Finally, Benchmark restated 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 assigned a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of Moderate Buy and an average target price of $49.83.

Comcast Trading Up 1.8 %

Shares of CMCSA stock opened at $38.57 on Friday. The firm has a market cap of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.94 and a beta of 0.98. Comcast has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The firm’s 50-day simple moving average is $41.58 and its 200-day simple moving average is $42.55.

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 the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for 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 company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Comcast will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in the business. Luken Investment Analytics LLC lifted its stake in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. lifted its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. NewSquare Capital LLC lifted its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the fourth quarter valued at $28,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Comcast during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

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.