Comcast (NASDAQ:CMCSA) Stock Rating Reaffirmed by Rosenblatt Securities

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

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Oppenheimer reiterated an outperform rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Evercore ISI restated an outperform rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic downgraded shares of Comcast from a buy rating to a neutral rating and cut their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, BNP Paribas reiterated a neutral rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of Moderate Buy and a consensus target price of $49.60.

Comcast Stock Performance

NASDAQ:CMCSA opened at $38.85 on Friday. The company has a fifty day moving average of $41.54 and a 200-day moving average of $42.51. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46. The firm has a market capitalization of $154.31 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its 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 for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Comcast will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Comcast

Large investors have recently added to or reduced their stakes in the business. Connecticut Wealth Management LLC purchased a new stake in Comcast during the 3rd quarter valued at about $205,000. Oak Harbor Wealth Partners LLC grew its holdings in shares of Comcast by 4.2% in the third quarter. Oak Harbor Wealth Partners LLC now owns 39,124 shares of the cable giant’s stock worth $1,735,000 after purchasing an additional 1,586 shares during the last quarter. First Personal Financial Services bought a new position in shares of Comcast in the third quarter worth approximately $39,000. Ropes Wealth Advisors LLC increased its stake in shares of Comcast by 11.9% in the third quarter. Ropes Wealth Advisors LLC now owns 23,473 shares of the cable giant’s stock worth $1,041,000 after buying an additional 2,488 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its holdings in Comcast by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 566,200 shares of the cable giant’s stock valued at $25,105,000 after buying an additional 2,192 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.