Comcast’s (CMCSA) Neutral Rating Reiterated at Rosenblatt Securities

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

CMCSA has been the subject of a number of other reports. Wells Fargo & Company decreased their price objective on Comcast from $50.00 to $47.00 and set an equal weight rating for the company in a research note on Friday, April 5th. BNP Paribas reaffirmed a neutral rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Benchmark reiterated a buy rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reiterated an outperform rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten research 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 a consensus price target of $49.83.

Comcast Trading Up 1.8 %

CMCSA stock opened at $38.57 on Friday. The business has a fifty day moving average price of $41.58 and a 200 day moving average price of $42.55. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The stock has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Analysts expect that Comcast will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connecticut Wealth Management LLC bought a new position in shares of Comcast in the 3rd quarter valued at $205,000. Oak Harbor Wealth Partners LLC lifted its stake in shares of Comcast by 4.2% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 39,124 shares of the cable giant’s stock valued at $1,735,000 after acquiring an additional 1,586 shares during the last quarter. First Personal Financial Services bought a new position in shares of Comcast in the 3rd quarter valued at $39,000. Ropes Wealth Advisors LLC lifted its stake in shares of Comcast by 11.9% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 23,473 shares of the cable giant’s stock valued at $1,041,000 after acquiring an additional 2,488 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its stake in shares of Comcast by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 566,200 shares of the cable giant’s stock valued at $25,105,000 after acquiring an additional 2,192 shares during the last quarter. 84.32% of the stock is currently owned by 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.