KeyCorp Has Lowered Expectations for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its target price dropped by analysts at KeyCorp from $47.00 to $45.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the cable giant’s stock. KeyCorp’s price objective indicates a potential upside of 30.81% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $37.00 to $31.00 in a research report on Monday. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Citigroup cut their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Price Performance

Shares of CMCSA opened at $34.40 on Monday. The firm has a 50-day simple moving average of $35.56 and a two-hundred day simple moving average of $38.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast has a 1-year low of $32.20 and a 1-year high of $45.31. The stock has a market cap of $130.07 billion, a PE ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts forecast that Comcast will post 4.33 EPS for the current year.

Institutional Trading of Comcast

Several large investors have recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Retirement Wealth Solutions LLC lifted its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 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.