Comcast (NASDAQ:CMCSA) Price Target Lowered to $30.00 at Daiwa Capital Markets

Comcast (NASDAQ:CMCSA) had its price target cut by analysts at Daiwa Capital Markets from $38.00 to $30.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the cable giant’s stock. Daiwa Capital Markets’ target price would suggest a potential upside of 10.21% from the company’s previous close.

CMCSA has been the topic of several other reports. Benchmark decreased their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price target (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Sanford C. Bernstein cut their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.22 on Tuesday. Comcast has a twelve month low of $25.75 and a twelve month high of $44.03. The stock has a market cap of $99.19 billion, a P/E ratio of 4.53, a PEG ratio of 1.79 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $32.82.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, equities analysts predict that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Trading of Comcast

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. Capital A Wealth Management LLC grew its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the period. Imprint Wealth LLC bought a new stake in Comcast during the third quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its position in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Finally, Avalon Trust Co lifted its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

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.