Comcast (NASDAQ:CMCSA) Price Target Lowered to $48.00 at TD Cowen

Comcast (NASDAQ:CMCSA - Get Free Report) had its target price lowered by stock analysts at TD Cowen from $50.00 to $48.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the cable giant's stock. TD Cowen's price target suggests a potential upside of 10.19% from the company's current price.

Several other equities research analysts have also commented on CMCSA. Rosenblatt Securities reiterated a "neutral" rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Finally, Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $47.75 to $48.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.63.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.11 during mid-day trading on Friday, reaching $43.56. The stock had a trading volume of 25,078,307 shares, compared to its average volume of 19,681,141. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The business has a 50 day simple moving average of $40.80 and a 200 day simple moving average of $39.58. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, analysts expect that Comcast will post 4.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comcast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Comcast by 26.2% during the 3rd quarter. Lindbrook Capital LLC now owns 32,853 shares of the cable giant's stock worth $1,372,000 after purchasing an additional 6,818 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its stake in shares of Comcast by 0.7% during the 3rd quarter. Processus Wealth & Capital Management LLC now owns 44,934 shares of the cable giant's stock valued at $1,877,000 after buying an additional 323 shares during the last quarter. Assetmark Inc. grew its position in shares of Comcast by 2.4% during the third quarter. Assetmark Inc. now owns 2,501,326 shares of the cable giant's stock worth $104,480,000 after buying an additional 57,848 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Comcast by 8.2% in the third quarter. Verdence Capital Advisors LLC now owns 57,736 shares of the cable giant's stock worth $2,412,000 after buying an additional 4,375 shares during the last quarter. Finally, Verus Financial Partners Inc. acquired a new stake in Comcast in the third quarter valued at $222,000. Hedge funds and other 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.