Comcast (NASDAQ:CMCSA) Price Target Cut to $43.00

Comcast (NASDAQ:CMCSA) had its target price reduced by analysts at Wells Fargo & Company from $47.00 to $43.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the cable giant’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 14.42% from the stock’s previous close.

Several other analysts have also recently commented on CMCSA. Citigroup increased their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Scotiabank cut their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

Comcast Stock Down 0.8 %

Shares of CMCSA stock opened at $37.58 on Friday. The stock has a 50 day moving average of $41.64 and a 200-day moving average of $42.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $149.26 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast has a 12 month low of $37.19 and a 12 month high of $47.46.

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

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Comcast

Institutional investors have recently added to or reduced their stakes in the company. Luken Investment Analytics LLC lifted its position in shares of Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 418 shares during the period. Steph & Co. lifted its position in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. NewSquare Capital LLC lifted its position in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $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 shares of Comcast during the 4th quarter worth $28,000. 84.32% of the stock is currently owned by institutional investors.

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.