Comcast (NASDAQ:CMCSA) Given New $25.00 Price Target at BNP Paribas Exane

Comcast (NASDAQ:CMCSA) had its target price lowered by equities researchers at BNP Paribas Exane from $26.00 to $25.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has an “underperform” rating on the cable giant’s stock. BNP Paribas Exane’s target price would suggest a potential downside of 10.27% from the stock’s current price.

A number of other research firms have also recently issued reports on CMCSA. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Arete Research set a $23.00 target price on Comcast in a research note on Tuesday, January 6th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a research note on Monday, January 12th. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, Citigroup restated a “buy” rating and set a $33.00 price objective (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have issued 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 $34.68.

Comcast Stock Performance

CMCSA stock opened at $27.86 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $100.24 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 2.26 and a beta of 0.80. Comcast has a 1 year low of $25.75 and a 1 year high of $36.66. The stock’s fifty day moving average is $30.22 and its two-hundred day moving average is $29.28.

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

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Capital A Wealth Management LLC increased 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 in the last quarter. Imprint Wealth LLC purchased a new position in Comcast during the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast during the 4th quarter valued at about $27,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at about $28,000. Finally, Olistico Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter valued at about $29,000. 84.32% of the stock is owned by institutional investors and hedge funds.

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.