BNP Paribas Exane Cuts Comcast (NASDAQ:CMCSA) Price Target to $22.00

Comcast (NASDAQ:CMCSA) had its target price lowered by BNP Paribas Exane from $25.00 to $22.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an underperform rating on the cable giant’s stock.

A number of other analysts have also recently commented on the stock. Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. UBS Group reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. The Goldman Sachs Group reduced their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and lowered their target price for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Monday, July 6th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.64.

Comcast Stock Performance

Shares of CMCSA opened at $24.10 on Tuesday. The firm has a market capitalization of $86.09 billion, a P/E ratio of 4.74, a PEG ratio of 1.94 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast has a one year low of $22.13 and a one year high of $36.01. The business has a fifty day moving average of $24.04 and a 200 day moving average of $27.53.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Comcast will post 3.49 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Institutional Trading of Comcast

Institutional investors have recently made changes to their positions in the business. Imprint Wealth LLC bought a new position in Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the fourth quarter worth $27,000. Whipplewood Advisors LLC boosted its position in shares of Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Main Street Group LTD bought a new position in shares of Comcast during the first quarter worth $27,000. Finally, Olistico Wealth LLC purchased a new position in Comcast during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast has recently shown relative strength versus the broader market, with one report noting the shares outperformed in the latest session and closed higher, suggesting some investors are still buying the dip ahead of earnings.
• Neutral Sentiment: The company is set to report earnings on Thursday, and analysts are framing the release as a key test of whether Comcast can beat expectations amid signs of declining earnings. Analysts Estimate Comcast (CMCSA) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 while keeping a sector perform rating, signaling reduced upside expectations rather than a major change in outlook.
• Neutral Sentiment: Wells Fargo also trimmed its price target to $28 from $29 and maintained an Underweight rating, reinforcing a cautious stance on the stock.
• Negative Sentiment: Comcast agreed to a $117.5 million settlement related to the Xfinity data breach, adding legal, reputational, and cybersecurity overhang ahead of earnings.

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.