BNP Paribas Exane Issues Pessimistic Forecast for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its price target cut by equities research analysts at BNP Paribas Exane from $28.10 to $28.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the cable giant’s stock. BNP Paribas Exane’s price target suggests a potential downside of 2.74% from the company’s current price.

CMCSA has been the subject of a number of other research reports. Daiwa Capital Markets decreased their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price objective (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group set a $37.00 price target on Comcast in a research note on Monday, January 12th. Finally, Moffett Nathanson lowered their price target on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.47.

Comcast Stock Down 2.2%

Shares of CMCSA stock traded down $0.64 on Tuesday, reaching $28.79. 5,837,424 shares of the company’s stock traded hands, compared to its average volume of 33,696,344. The business’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $30.46. The company has a market capitalization of $104.91 billion, a P/E ratio of 4.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast has a 12-month low of $25.75 and a 12-month high of $38.17.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The company had revenue of $31.20 billion for the quarter, compared to analysts’ expectations of $30.74 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. On average, equities analysts forecast that Comcast will post 4.33 earnings per share for the current year.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the period. Voya Financial Advisors Inc. raised its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Comcast by 30.0% in the second quarter. ORG Partners LLC now owns 2,739 shares of the cable giant’s stock valued at $100,000 after buying an additional 632 shares during the period. Tritonpoint Wealth LLC grew its position in Comcast by 21.6% during the second quarter. Tritonpoint Wealth LLC now owns 7,112 shares of the cable giant’s stock worth $254,000 after buying an additional 1,264 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. 84.32% of the stock is currently owned by institutional investors.

About Comcast

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.