Comcast (NASDAQ:CMCSA) Price Target Lowered to $44.00 at Loop Capital

Comcast (NASDAQ:CMCSA) had its price target reduced by analysts at Loop Capital from $50.00 to $44.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the cable giant’s stock. Loop Capital’s target price indicates a potential upside of 40.15% from the company’s current price.

A number of other brokerages have also issued reports on CMCSA. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Barclays reduced their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Rothschild & Co Redburn dropped their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Citigroup reiterated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.22.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $31.39 on Monday. The company has a market cap of $115.91 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 1.89 and a beta of 0.93. The firm has a 50 day simple moving average of $33.45 and a 200 day simple moving average of $34.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast has a one year low of $31.03 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts predict that Comcast will post 4.33 earnings per share for the current fiscal year.

Institutional Trading of Comcast

Large investors have recently made changes to their positions in the stock. Advisor OS LLC boosted its stake in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in Comcast during the 1st quarter valued at $335,000. DAVENPORT & Co LLC lifted its stake in shares of Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after buying an additional 1,261,278 shares in the last quarter. Finally, Kestra Investment Management LLC increased its stake in Comcast by 49.5% in the first quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock valued at $2,632,000 after acquiring an additional 23,607 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.