Argus Downgrades Comcast (NASDAQ:CMCSA) to Hold

Comcast (NASDAQ:CMCSA - Get Free Report) was downgraded by stock analysts at Argus from a "buy" rating to a "hold" rating in a research report issued on Tuesday, Marketbeat reports.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Finally, UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong 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 $42.10.

Comcast Stock Up 0.1 %

Shares of Comcast stock traded up $0.03 during trading hours on Tuesday, hitting $34.25. 16,916,562 shares of the company's stock traded hands, compared to its average volume of 21,871,701. 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 twelve month low of $31.44 and a twelve month high of $45.31. The stock has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $37.56. The company has a market cap of $127.88 billion, a PE ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. During the same period in the prior year, the company posted $1.04 EPS. Comcast's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Comcast will post 4.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comcast

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sculati Wealth Management LLC increased its holdings in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors increased its holdings in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares during the last quarter. Kovack Advisors Inc. raised its position in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the period. Finally, Beck Mack & Oliver LLC lifted its stake in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

About Comcast

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.