Comcast (NASDAQ:CMCSA) Price Target Lowered to $27.50 at Citigroup

Comcast (NASDAQ:CMCSA) had its target price decreased by investment analysts at Citigroup from $30.00 to $27.50 in a report issued on Thursday. The brokerage currently has a “buy” rating on the cable giant’s stock. Citigroup’s price objective would indicate a potential upside of 21.95% from the company’s current price.

Several other analysts also recently weighed in on the stock. Moffett Nathanson dropped their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. BNP Paribas Exane dropped their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 target price on shares of Comcast in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and lowered their price target for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Finally, Bank of America restated a “buy” rating and set a $35.00 target price (down from $37.00) on shares of Comcast in a research report on Wednesday, September 16th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.17.

Comcast Trading Up 0.6%

Comcast stock opened at $22.55 on Thursday. The stock has a 50-day moving average of $24.99 and a two-hundred day moving average of $25.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast has a one year low of $21.28 and a one year high of $32.85. The stock has a market cap of $80.02 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 1.60 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Comcast will post 3.5 EPS for the current fiscal year.

Institutional Trading of Comcast

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in shares of Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the period. Main Street Group LTD purchased a new stake in shares of Comcast in the 1st quarter valued at $27,000. Provenance Wealth Advisors LLC acquired a new position in Comcast during the 1st quarter worth about $30,000. Monetary Solutions Ltd acquired a new position in Comcast during the 4th quarter worth about $32,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Comcast during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.