Comcast (NASDAQ:CMCSA) Given New $40.00 Price Target at Deutsche Bank Aktiengesellschaft

Comcast (NASDAQ:CMCSA) had its price target decreased by research analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $40.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 48.26% from the stock’s previous close.

Several other research analysts have also recently issued reports on CMCSA. UBS Group set a $34.00 price target on Comcast in a report on Friday. JPMorgan Chase & Co. reduced their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $30.00 price target (down previously from $39.00) on shares of Comcast in a research report on Friday. Loop Capital reduced their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Finally, Rosenblatt Securities decreased their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.29.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $26.98 on Monday. Comcast has a twelve month low of $25.75 and a twelve month high of $45.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $31.26 and a two-hundred day moving average of $33.27. The company has a market capitalization of $99.62 billion, a price-to-earnings ratio of 4.49, a PEG ratio of 1.89 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. As a group, analysts expect that Comcast will post 4.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comcast

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Comcast in the 2nd quarter worth about $3,528,361,000. Nuveen LLC bought a new stake in shares of Comcast in the 1st quarter valued at approximately $940,015,000. Dodge & Cox increased its holdings in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after buying an additional 17,054,579 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

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.