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

Comcast (NASDAQ:CMCSA) had its price target increased by analysts at BNP Paribas Exane from $28.00 to $30.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the cable giant’s stock. BNP Paribas Exane’s target price indicates a potential downside of 0.89% from the company’s current price.

Several other analysts have also recently issued reports on the company. Barclays cut their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. UBS Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of Comcast in a research note on Thursday. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, TD Cowen dropped their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.92.

Comcast Stock Down 0.2%

Shares of CMCSA stock opened at $30.27 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast has a one year low of $25.75 and a one year high of $38.46. The company’s fifty day moving average price is $28.01 and its 200-day moving average price is $31.68. The company has a market capitalization of $110.30 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 2.08 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts expect that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital A Wealth Management LLC raised its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the period. Imprint Wealth LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $26,000. Cranbrook Wealth Management LLC increased its position in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the period. Finally, Avalon Trust Co lifted its position in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

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.