Citigroup Lowers Comcast (NASDAQ:CMCSA) Price Target to $44.00

Comcast (NASDAQ:CMCSA) had its price target decreased by equities researchers at Citigroup from $47.00 to $44.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the cable giant’s stock. Citigroup’s price target would indicate a potential upside of 30.72% from the company’s current price.

CMCSA has been the subject of several other research reports. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. TD Cowen decreased their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Comcast Trading Up 1.2 %

NASDAQ:CMCSA opened at $33.66 on Friday. Comcast has a 12 month low of $32.50 and a 12 month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $128.80 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.01. The firm has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $40.07.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Analysts expect that Comcast will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Institutional Trading of Comcast

A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter worth $28,000. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth $30,000. 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.