Comcast’s (CMCSA) Neutral Rating Reiterated at Rosenblatt Securities

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

Other equities analysts have also recently issued reports about the company. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Performance

Comcast stock traded down $0.28 during mid-day trading on Wednesday, reaching $43.91. 23,019,736 shares of the company’s stock were exchanged, compared to its average volume of 19,732,434. The business’s fifty day simple moving average is $41.18 and its 200 day simple moving average is $39.71. The firm has a market capitalization of $170.04 billion, a PE ratio of 11.80, a P/E/G ratio of 1.61 and a beta of 1.00. Comcast has a one year low of $36.43 and a one year high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts expect that Comcast will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. Comcast’s payout ratio is currently 33.33%.

Institutional Trading of Comcast

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter valued at $27,000. IAG Wealth Partners LLC boosted its stake 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 purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% during the 3rd 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 during the last quarter. Finally, Archer Investment Corp lifted its holdings 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 buying an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

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.