Comcast (NASDAQ:CMCSA) Stock Price Expected to Rise, KeyCorp Analyst Says

Comcast (NASDAQ:CMCSA) had its price target upped by KeyCorp from $44.00 to $47.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the cable giant’s stock. KeyCorp’s price target would indicate a potential upside of 7.90% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CMCSA. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a research report on Friday. Finally, Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.63.

Comcast Stock Down 0.3 %

CMCSA stock opened at $43.56 on Friday. Comcast has a one year low of $36.43 and a one year high of $47.11. The stock has a market capitalization of $168.69 billion, a P/E ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01. The company has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $39.58. 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 (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Comcast will post 4.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norden Group LLC lifted its holdings in Comcast by 15.8% in the 1st quarter. Norden Group LLC now owns 21,212 shares of the cable giant’s stock worth $920,000 after buying an additional 2,902 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Comcast by 6.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 94,411 shares of the cable giant’s stock worth $4,093,000 after acquiring an additional 5,629 shares during the last quarter. Choreo LLC lifted its stake in shares of Comcast by 3.6% in the first quarter. Choreo LLC now owns 38,970 shares of the cable giant’s stock worth $1,689,000 after acquiring an additional 1,350 shares in the last quarter. BNP Paribas purchased a new position in Comcast in the first quarter valued at about $4,117,000. Finally, Fidelis Capital Partners LLC grew its stake in Comcast by 50.0% during the 1st quarter. Fidelis Capital Partners LLC now owns 32,985 shares of the cable giant’s stock valued at $1,430,000 after purchasing an additional 10,994 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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.