Comcast (NASDAQ:CMCSA) PT Lowered to $48.00 at Evercore ISI

Comcast (NASDAQ:CMCSA) had its price target cut by analysts at Evercore ISI from $50.00 to $48.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the cable giant’s stock. Evercore ISI’s target price indicates a potential upside of 26.15% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. The Goldman Sachs Group started coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.53.

Comcast Trading Down 0.3 %

CMCSA stock opened at $38.05 on Tuesday. The company has a market capitalization of $149.29 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. Comcast has a one year low of $36.43 and a one year high of $47.46. The company’s 50 day moving average price is $38.62 and its two-hundred day moving average price is $41.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Comcast

Several large investors have recently modified their holdings of CMCSA. Luken Investment Analytics LLC raised its position in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. raised its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Comcast in the 4th quarter worth about $28,000. Finally, Pineridge Advisors LLC purchased a new position in Comcast in the 4th quarter worth about $32,000. 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.