Comcast (NASDAQ:CMCSA) Given New $50.00 Price Target at Deutsche Bank Aktiengesellschaft

Comcast (NASDAQ:CMCSA) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $49.00 to $50.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the cable giant’s stock.

Several other brokerages have also recently commented on CMCSA. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Pivotal Research dropped their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Barclays decreased their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Stock Performance

Shares of CMCSA opened at $43.56 on Friday. The firm’s 50 day moving average price is $40.80 and its two-hundred day moving average price is $39.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market cap of $168.69 billion, a P/E ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that Comcast will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Institutional Trading of Comcast

A number of institutional investors have recently modified their holdings of the stock. Fairscale Capital LLC bought a new stake in Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp raised its position in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

About Comcast

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.