Comcast (NASDAQ:CMCSA) Given New $44.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has lowered its price target for Comcast from $46.00 to $44.00, while maintaining a "buy" rating, suggesting a potential upside of 43.50% from the current price.
• Comcast recently reported a quarterly EPS of $1.25, exceeding expectations, along with a revenue of $30.31 billion, marking a 2.1% increase from the previous year.
• Institutional investors own approximately 84.32% of Comcast's stock, with significant increases in holdings by various firms reported in recent months.

Comcast (NASDAQ:CMCSA - Get Free Report) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $46.00 to $44.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has a "buy" rating on the cable giant's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 43.50% from the company's current price.

CMCSA has been the topic of several other research reports. Bank of America reduced their price target on Comcast from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, September 29th. Citigroup reissued a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Comcast in a research report on Saturday, September 27th. Morgan Stanley reduced their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Finally, Rothschild & Co Redburn dropped their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of "Hold" and a consensus target price of $40.06.

Comcast Stock Down 0.8%

CMCSA stock opened at $30.66 on Monday. The company has a market capitalization of $113.21 billion, a P/E ratio of 5.07, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The firm's fifty day simple moving average is $32.73 and its 200-day simple moving average is $34.13. Comcast has a 12 month low of $30.38 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same period last year, the company earned $1.21 earnings per share. Comcast's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast will post 4.33 earnings per share for the current year.

Institutional Trading of Comcast

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after acquiring an additional 99,986 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Comcast by 24.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,442 shares of the cable giant's stock worth $459,000 after acquiring an additional 2,422 shares during the last quarter. Miracle Mile Advisors LLC increased its position in Comcast by 32.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 13,035 shares of the cable giant's stock worth $481,000 after purchasing an additional 3,213 shares in the last quarter. KMG Fiduciary Partners LLC raised its stake in Comcast by 25.9% in the 1st quarter. KMG Fiduciary Partners LLC now owns 47,705 shares of the cable giant's stock valued at $1,760,000 after purchasing an additional 9,823 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in Comcast by 9.2% in the 1st quarter. Capital Investment Advisors LLC now owns 54,886 shares of the cable giant's stock valued at $2,025,000 after purchasing an additional 4,630 shares in 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.

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