Comcast (NASDAQ:CMCSA) Downgraded by Argus to “Hold”

Argus lowered shares of Comcast (NASDAQ:CMCSA) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

Several other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Scotiabank reiterated a “sector perform” rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Finally, Benchmark reduced their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Performance

Shares of Comcast stock opened at $34.22 on Tuesday. 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 has a market cap of $127.77 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast has a one year low of $31.44 and a one year high of $45.31. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $37.61.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s revenue was down .6% on a year-over-year basis. Equities analysts predict that Comcast will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comcast

Large investors have recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during 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. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter worth about $26,000. Roxbury Financial LLC acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $27,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at approximately $28,000. 84.32% of the stock is currently 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.