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

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reiterated by analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $45.00 price target on the cable giant’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 1.83% from the stock’s previous close.

Several other research firms also recently weighed in on CMCSA. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Friday, November 1st. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Price Performance

Shares of Comcast stock opened at $44.19 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast has a one year low of $36.43 and a one year high of $47.11. The stock has a market capitalization of $171.13 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The business’s 50 day simple moving average is $41.00 and its two-hundred day simple moving average is $39.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts forecast that Comcast will post 4.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CFO4Life Group LLC raised its stake in Comcast by 20.6% during the 1st quarter. CFO4Life Group LLC now owns 8,911 shares of the cable giant’s stock worth $386,000 after acquiring an additional 1,520 shares in the last quarter. Duality Advisers LP acquired a new stake in Comcast in the 1st quarter valued at about $436,000. Empirical Finance LLC increased its holdings in Comcast by 3.2% during the 1st quarter. Empirical Finance LLC now owns 155,020 shares of the cable giant’s stock valued at $6,720,000 after acquiring an additional 4,795 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Comcast by 11.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 494,170 shares of the cable giant’s stock worth $21,422,000 after purchasing an additional 50,698 shares during the last quarter. Finally, Stokes Family Office LLC raised its stake in Comcast by 5.7% in the 1st quarter. Stokes Family Office LLC now owns 23,763 shares of the cable giant’s stock valued at $1,030,000 after purchasing an additional 1,285 shares during the last quarter. Hedge funds and other institutional investors 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.