Comcast (NASDAQ:CMCSA) Price Target Cut to $52.00 by Analysts at Moffett Nathanson

Comcast (NASDAQ:CMCSA) had its price objective dropped by Moffett Nathanson from $53.00 to $52.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the cable giant’s stock. Moffett Nathanson’s price target suggests a potential upside of 116.75% from the stock’s current price.

CMCSA has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Friday, April 24th. Morgan Stanley increased their target price on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $34.52.

Comcast Trading Up 0.1%

CMCSA traded up $0.02 during trading hours on Tuesday, reaching $23.99. The company’s stock had a trading volume of 2,691,364 shares, compared to its average volume of 32,578,100. The stock has a market cap of $85.70 billion, a PE ratio of 4.71, a P/E/G ratio of 1.99 and a beta of 0.68. Comcast has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50-day moving average is $26.24 and its 200-day moving average is $28.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Comcast will post 3.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comcast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Comcast by 7.9% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 136,782 shares of the cable giant’s stock worth $3,927,000 after acquiring an additional 9,976 shares during the period. Wealthquest Corp boosted its holdings in Comcast by 15.9% in the first quarter. Wealthquest Corp now owns 8,714 shares of the cable giant’s stock valued at $250,000 after purchasing an additional 1,195 shares during the period. Parallel Advisors LLC grew its stake in Comcast by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 53,629 shares of the cable giant’s stock worth $1,540,000 after purchasing an additional 9,064 shares in the last quarter. NewEdge Advisors LLC grew its stake in Comcast by 35.6% during the 1st quarter. NewEdge Advisors LLC now owns 469,089 shares of the cable giant’s stock worth $13,468,000 after purchasing an additional 123,151 shares in the last quarter. Finally, Caerus Investment Advisors LLC purchased a new stake in Comcast during the 1st quarter worth about $218,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.