Comcast (NASDAQ:CMCSA) Given New $50.00 Price Target at Deutsche Bank Aktiengesellschaft

Comcast (NASDAQ:CMCSA) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 13.84% from the company’s previous close.

CMCSA has been the topic of several other research reports. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Friday. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.00.

Comcast Stock Up 0.6 %

CMCSA traded up $0.25 during trading on Friday, hitting $43.92. The stock had a trading volume of 14,515,700 shares, compared to its average volume of 19,631,336. The stock has a 50 day simple moving average of $40.73 and a two-hundred day simple moving average of $39.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a market capitalization of $170.08 billion, a PE ratio of 11.69, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. On average, research analysts predict that Comcast will post 4.24 earnings per share for the current year.

Institutional Investors Weigh In On Comcast

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after buying an additional 260 shares during the last quarter. Greenwich Wealth Management LLC raised its holdings in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. boosted its stake in Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares during the last quarter. 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.