Comcast (NASDAQ:CMCSA) Price Target Lowered to $43.00 at KeyCorp

Key Points

• KeyCorp has lowered Comcast's price target from $45.00 to $43.00, maintaining an "overweight" rating on the stock, which suggests a potential upside of 41.45% from its current price.
• Comcast's recent earnings report showed $1.25 EPS, surpassing estimates, with revenue of $30.31 billion, reflecting a 2.1% increase year-over-year.
• Overall, Comcast holds an average rating of "Hold" from analysts and is currently valued with an average price target of $40.26.

Comcast (NASDAQ:CMCSA - Get Free Report) had its target price lowered by research analysts at KeyCorp from $45.00 to $43.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the cable giant's stock. KeyCorp's price objective points to a potential upside of 41.45% from the stock's current price.

Other analysts also recently issued research reports about the stock. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Rosenblatt Securities increased their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Loop Capital lowered their price objective on shares of Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday. Royal Bank Of Canada assumed coverage on shares of Comcast in a research report on Monday, September 8th. They issued a "sector perform" rating and a $38.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast has an average rating of "Hold" and an average price target of $40.26.

Comcast Trading Down 1.7%

NASDAQ CMCSA opened at $30.40 on Friday. Comcast has a one year low of $30.38 and a one year high of $45.31. The company's 50 day moving average price is $32.79 and its 200 day moving average price is $34.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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 net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the firm posted $1.21 earnings per share. Comcast's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Comcast will post 4.33 EPS for the current year.

Institutional Trading of Comcast

A number of hedge funds have recently made changes to their positions in CMCSA. Capital A Wealth Management LLC grew its position in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant's stock worth $25,000 after buying an additional 436 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter worth $26,000. Cranbrook Wealth Management LLC boosted its holdings in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock worth $27,000 after purchasing an additional 671 shares during the period. Finally, Avalon Trust Co boosted its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant's stock worth $27,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds 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.

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