Wells Fargo & Company Lowers Comcast (NASDAQ:CMCSA) Price Target to $43.00

Comcast (NASDAQ:CMCSA) had its price objective decreased by Wells Fargo & Company from $47.00 to $43.00 in a research note released on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the cable giant’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup raised their price target on Comcast from $51.00 to $53.00 and gave the company a buy rating in a research report on Tuesday, January 30th. BNP Paribas restated a neutral rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reiterated an outperform rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, StockNews.com cut Comcast from a strong-buy rating to a buy rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $49.45.

Comcast Trading Up 1.8 %

NASDAQ:CMCSA opened at $38.57 on Friday. The stock has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. Comcast has a 1 year low of $36.43 and a 1 year high of $47.46. The stock has a fifty day moving average price of $41.58 and a two-hundred day moving average price of $42.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, sell-side analysts anticipate that Comcast will post 4.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by insiders.

Institutional Trading of Comcast

Institutional investors have recently modified their holdings of the company. Luken Investment Analytics LLC grew its stake in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the period. Steph & Co. boosted its position in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. NewSquare Capital LLC increased its holdings in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the period. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

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.