Comcast (NASDAQ:CMCSA) Stock Price Expected to Rise, Scotiabank Analyst Says

Comcast (NASDAQ:CMCSA) had its target price upped by investment analysts at Scotiabank from $44.50 to $45.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the cable giant’s stock. Scotiabank’s target price would indicate a potential upside of 27.91% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Comcast Stock Up 7.1 %

CMCSA opened at $35.18 on Tuesday. Comcast has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a fifty day moving average of $35.55 and a two-hundred day moving average of $38.66. The stock has a market capitalization of $133.02 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, research analysts expect that Comcast will post 4.33 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

Several large investors have recently made changes to their positions in the business. RFG Advisory LLC lifted its stake in Comcast by 120.4% during the first quarter. RFG Advisory LLC now owns 64,488 shares of the cable giant’s stock valued at $2,380,000 after buying an additional 35,227 shares in the last quarter. Capital Asset Advisory Services LLC lifted its stake in Comcast by 7.0% during the first quarter. Capital Asset Advisory Services LLC now owns 75,638 shares of the cable giant’s stock valued at $2,769,000 after buying an additional 4,950 shares in the last quarter. Merit Financial Group LLC lifted its stake in Comcast by 75.2% during the first quarter. Merit Financial Group LLC now owns 116,727 shares of the cable giant’s stock valued at $4,307,000 after buying an additional 50,100 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its stake in Comcast by 22.9% during the first quarter. O Keefe Stevens Advisory Inc. now owns 25,532 shares of the cable giant’s stock valued at $942,000 after buying an additional 4,750 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in shares of Comcast by 2.7% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 87,775 shares of the cable giant’s stock worth $3,239,000 after purchasing an additional 2,332 shares in 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.