Deutsche Bank Aktiengesellschaft Cuts Comcast (NASDAQ:CMCSA) Price Target to $40.00

Comcast (NASDAQ:CMCSA) had its price objective lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $40.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 48.26% from the stock’s current price.

CMCSA has been the topic of several other research reports. Williams Trading set a $40.00 price objective on Comcast in a report on Friday. Oppenheimer set a $38.00 target price on Comcast in a research report on Tuesday. Cowen reiterated a “buy” rating on shares of Comcast in a research report on Friday. Loop Capital reduced their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Cowen dropped their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.29.

Comcast Trading Down 3.1%

Shares of CMCSA stock opened at $26.98 on Monday. Comcast has a 12 month low of $25.75 and a 12 month high of $45.22. The company has a market cap of $99.62 billion, a PE ratio of 4.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $31.26 and its two-hundred day moving average is $33.27.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Equities analysts predict that Comcast will post 4.33 EPS for the current year.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently bought and sold shares of the company. Foster Group Inc. lifted its holdings in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC boosted its position in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the last quarter. Webster Bank N. A. lifted its position in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.