Comcast (NASDAQ:CMCSA) Earns "Neutral" Rating from Rosenblatt Securities

Comcast (NASDAQ:CMCSA - Get Free Report)'s stock had its "neutral" rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $36.00 target price on the cable giant's stock. Rosenblatt Securities' price objective would indicate a potential upside of 6.19% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday. UBS Group cut their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Loop Capital decreased their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Comcast has an average rating of "Moderate Buy" and an average price target of $41.98.

Comcast Trading Up 2.1 %

Shares of CMCSA stock opened at $33.90 on Monday. The stock has a market cap of $128.18 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm's 50 day moving average price is $35.35 and its two-hundred day moving average price is $38.03. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. On average, analysts anticipate that Comcast will post 4.33 EPS for the current year.

Institutional Trading of Comcast

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors grew its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox increased its position in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. 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.

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