BNP Paribas Exane Has Lowered Expectations for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its target price dropped by BNP Paribas Exane from $26.00 to $25.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “underperform” rating on the cable giant’s stock. BNP Paribas Exane’s price objective points to a potential downside of 11.69% from the stock’s previous close.

Several other research analysts have also recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, January 30th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Barclays set a $28.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group decreased their price objective on shares of Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Morgan Stanley decreased their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.68.

Comcast Trading Up 1.3%

Comcast stock opened at $28.31 on Wednesday. The firm has a 50 day simple moving average of $30.19 and a 200-day simple moving average of $29.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $101.86 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Comcast has a 12-month low of $25.75 and a 12-month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities research analysts expect that Comcast will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Comcast

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Imprint Wealth LLC acquired a new position in Comcast in the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast in the 2nd quarter worth approximately $31,000. United Financial Planning Group LLC acquired a new position in Comcast in the 3rd quarter worth approximately $28,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.