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

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reiterated by Rosenblatt Securities in a note issued to investors on Friday, Benzinga reports. They presently have a $45.00 price target on the cable giant’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 16.67% from the stock’s current price.

Several other analysts also recently commented on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Wells Fargo & Company lowered their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast Stock Up 1.8 %

NASDAQ:CMCSA opened at $38.57 on Friday. The company has a market cap of $153.19 billion, a PE ratio of 10.20, a P/E/G ratio of 0.92 and a beta of 0.98. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $41.58 and its two-hundred day moving average is $42.56.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. Analysts anticipate that Comcast will post 4.23 EPS for the current year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Comcast

Institutional investors have recently made changes to their positions in the stock. Luken Investment Analytics LLC grew its holdings in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. grew its holdings in shares of 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 in the last quarter. NewSquare Capital LLC grew its holdings in shares of 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 in the last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.