Scotiabank Trims Comcast (NASDAQ:CMCSA) Target Price to $47.25

Comcast (NASDAQ:CMCSA) had its price target decreased by equities researchers at Scotiabank from $50.00 to $47.25 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the cable giant’s stock. Scotiabank’s price target would indicate a potential upside of 24.77% from the company’s current price.

Several other research analysts also recently commented on the stock. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.45.

Comcast Trading Down 5.8 %

CMCSA stock opened at $37.87 on Friday. The company has a market capitalization of $150.41 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 one year low of $36.38 and a one year high of $47.46. The company’s 50 day moving average price is $41.64 and its two-hundred day moving average price is $42.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. As a group, analysts predict that Comcast will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMCSA. Luken Investment Analytics LLC raised its position in Comcast by 258.0% during the first 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 in the last quarter. Steph & Co. grew its holdings in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the period. NewSquare Capital LLC grew its holdings in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $32,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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.