Comcast (NASDAQ:CMCSA) Given New $35.00 Price Target at Deutsche Bank Aktiengesellschaft

Comcast (NASDAQ:CMCSAFree Report) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $40.00 to $35.00 in a report released on Friday,MarketScreener reports. They currently have a buy rating on the cable giant’s stock.

A number of other analysts have also recently commented on the stock. BNP Paribas Exane lowered their price objective on shares of Comcast from $28.10 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday. Benchmark decreased their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. TD Cowen dropped their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday. Arete Research set a $23.00 price objective on Comcast in a research report on Tuesday, January 6th. Finally, Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.08.

Get Our Latest Analysis on Comcast

Comcast Trading Up 1.7%

NASDAQ:CMCSA opened at $29.75 on Friday. The firm has a market capitalization of $108.41 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 2.06 and a beta of 0.81. Comcast has a 1-year low of $25.75 and a 1-year high of $37.97. The business’s 50-day moving average price is $28.41 and its two-hundred day moving average price is $30.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the firm earned $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Comcast will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is presently 21.96%.

Institutional Trading of Comcast

A number of hedge funds and other institutional investors have recently modified their holdings of CMCSA. Secured Retirement Advisors LLC boosted its position in Comcast by 5.9% during the fourth quarter. Secured Retirement Advisors LLC now owns 31,525 shares of the cable giant’s stock valued at $942,000 after purchasing an additional 1,749 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $37,000. Verity Asset Management Inc. grew its stake in shares of Comcast by 50.1% in the fourth quarter. Verity Asset Management Inc. now owns 15,037 shares of the cable giant’s stock valued at $449,000 after buying an additional 5,017 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new position in Comcast during the fourth quarter worth $784,000. Finally, Bogart Wealth LLC raised its position in Comcast by 17.1% during the fourth quarter. Bogart Wealth LLC now owns 5,032 shares of the cable giant’s stock worth $150,000 after acquiring an additional 735 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Key Comcast News

Here are the key news stories impacting Comcast this week:

Comcast Company Profile

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Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

Further Reading

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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