Macquarie Reiterates Neutral Rating for Comcast (NASDAQ:CMCSA)

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reaffirmed by analysts at Macquarie in a research report issued on Friday, Benzinga reports. They presently have a $40.00 target price on the cable giant’s stock. Macquarie’s price objective would suggest a potential downside of 9.34% from the stock’s previous close.

CMCSA has been the subject of several other research reports. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday. Pivotal Research cut their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Comcast Trading Up 1.0 %

Shares of NASDAQ:CMCSA traded up $0.45 during midday trading on Friday, reaching $44.12. The company’s stock had a trading volume of 10,853,733 shares, compared to its average volume of 19,611,459. The firm has a market capitalization of $170.85 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.11 and a beta of 1.01. The firm has a 50 day moving average price of $40.73 and a two-hundred day moving average price of $39.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Comcast will post 4.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fairscale Capital LLC bought 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 $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 buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position 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 buying an additional 570 shares during the period. Finally, Archer Investment Corp grew its holdings in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. 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.