Comcast (NASDAQ:CMCSA) Rating Reiterated by Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Comcast (NASDAQ:CMCSA - Free Report) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $45.00 price objective on the cable giant's stock.

Other equities analysts have also issued reports about the stock. Redburn Atlantic lowered shares of Comcast from a buy rating to a neutral rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. BNP Paribas reiterated a neutral rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer restated an outperform rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Wells Fargo & Company dropped their target price on Comcast from $50.00 to $47.00 and set an equal weight rating on the stock in a research report on Friday, April 5th. Finally, StockNews.com cut Comcast from a strong-buy rating to a buy rating in a report on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $49.45.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.70 during mid-day trading on Friday, hitting $38.57. 29,782,818 shares of the stock were exchanged, compared to its average volume of 20,954,010. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 0.98 and a beta of 0.98. The stock's fifty day simple moving average is $41.58 and its two-hundred day simple moving average is $42.57.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. On average, analysts forecast that Comcast will post 4.23 EPS for the current year.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Greenwich Wealth Management LLC boosted its holdings in Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant's stock worth $372,000 after purchasing an additional 219 shares in the last quarter. Legend Financial Advisors Inc. boosted its stake in shares of Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant's stock worth $65,000 after acquiring an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. increased its holdings in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant's stock valued at $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services raised its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant's stock valued at $896,000 after purchasing an additional 229 shares during the period. Finally, Ironwood Financial llc raised its holdings in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant's stock worth $685,000 after acquiring an additional 238 shares during the period. Hedge funds and other 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.