Comcast (NASDAQ:CMCSA) Price Target Lowered to $45.00 at KeyCorp

Comcast (NASDAQ:CMCSA - Get Free Report) had its price target dropped by equities research analysts at KeyCorp from $47.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the cable giant's stock. KeyCorp's price objective indicates a potential upside of 32.51% from the stock's previous close.

Other equities analysts also recently issued reports about the company. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Finally, Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.50.

Comcast Trading Up 1.2 %

Shares of NASDAQ:CMCSA traded up $0.41 during midday trading on Monday, reaching $33.96. 21,444,902 shares of the company's stock were exchanged, compared to its average volume of 21,746,464. The stock has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The firm's 50 day simple moving average is $35.51 and its two-hundred day simple moving average is $38.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

Several large investors have recently modified their holdings of the stock. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at about $28,000. Finally, Retirement Wealth Solutions LLC boosted its stake in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

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.