Comcast's (CMCSA) Neutral Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Comcast (NASDAQ:CMCSA - Free Report) in a report issued on Wednesday, Benzinga reports. They currently have a $45.00 price target on the cable giant's stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Comcast Trading Up 6.1 %

CMCSA traded up $2.58 during midday trading on Wednesday, hitting $45.14. The company's stock had a trading volume of 30,963,361 shares, compared to its average volume of 19,729,793. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $174.80 billion, a P/E ratio of 12.08, a PEG ratio of 1.14 and a beta of 1.00. The firm has a 50-day moving average price of $40.89 and a two-hundred day moving average price of $39.62. Comcast has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS. On average, research analysts anticipate that Comcast will post 4.27 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.75%. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On Comcast

Large investors have recently modified their holdings of the business. Capital Investment Advisors LLC lifted its holdings in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant's stock worth $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank lifted its holdings in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant's stock worth $7,513,000 after buying an additional 15,664 shares during the period. Douglas Lane & Associates LLC lifted its holdings in Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock worth $92,331,000 after buying an additional 15,807 shares during the period. Wulff Hansen & CO. lifted its holdings in Comcast by 3,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant's stock worth $21,866,000 after buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Comcast during the 1st quarter worth about $773,000. Institutional investors and hedge funds 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.