Comcast’s (CMCSA) Neutral Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research note issued to investors on Friday, Benzinga reports. They currently have a $45.00 price target on the cable giant’s stock.

Several other analysts also recently issued reports on the company. Wells Fargo & Company cut their price objective on Comcast from $50.00 to $47.00 and set an equal weight rating on the stock in a report on Friday, April 5th. Evercore ISI restated an outperform rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas reaffirmed a neutral rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Oppenheimer reiterated an outperform rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of Moderate Buy and a consensus target price of $49.45.

Comcast Trading Up 1.8 %

NASDAQ:CMCSA opened at $38.57 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The business has a 50 day simple moving average of $41.58 and a 200 day simple moving average of $42.57. The firm has a market capitalization of $153.19 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.92 and a beta of 0.98. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Equities research analysts predict that Comcast will post 4.23 EPS for the current year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CMCSA. Luken Investment Analytics LLC raised its position in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. boosted its holdings in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the last quarter. NewSquare Capital LLC grew its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in Comcast during the 4th quarter worth about $28,000. 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.