Rosenblatt Securities Reiterates “Neutral” Rating for Comcast (NASDAQ:CMCSA)

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reiterated by investment analysts at Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They presently have a $45.00 price objective on the cable giant’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 1.83% from the company’s previous close.

Several other research firms have also issued reports on CMCSA. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Friday, November 1st. KeyCorp boosted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 2.1 %

CMCSA opened at $44.19 on Wednesday. Comcast has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a 50-day moving average price of $41.00 and a two-hundred day moving average price of $39.66. The stock has a market capitalization of $171.13 billion, a PE ratio of 11.88, a PEG ratio of 1.61 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. As a group, equities analysts anticipate that Comcast will post 4.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast in the second quarter worth about $27,000. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp raised its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds 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.