Scotiabank Increases Comcast (NASDAQ:CMCSA) Price Target to $45.00

Comcast (NASDAQ:CMCSA) had its target price boosted by research analysts at Scotiabank from $44.50 to $45.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the cable giant’s stock. Scotiabank’s price target suggests a potential upside of 27.91% from the company’s previous close.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

Comcast Stock Up 7.1 %

CMCSA opened at $35.18 on Tuesday. Comcast has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s fifty day moving average price is $35.55 and its two-hundred day moving average price is $38.66. The company has a market capitalization of $133.02 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts anticipate that Comcast will post 4.33 EPS for the current year.

Hedge Funds Weigh In On Comcast

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Comcast in the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. purchased a new position in Comcast in the 4th quarter valued at about $743,681,000. Amundi lifted its stake in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Capital World Investors lifted its stake in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

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.