Comcast (NASDAQ:CMCSA) Price Target Lowered to $40.00 at UBS Group

Comcast (NASDAQ:CMCSA) had its price target cut by UBS Group from $47.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the cable giant’s stock. UBS Group’s target price points to a potential upside of 9.29% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Citigroup lowered their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $43.64.

Comcast Trading Down 0.4 %

Comcast stock opened at $36.60 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50-day simple moving average of $35.84 and a 200 day simple moving average of $39.05. The stock has a market capitalization of $138.39 billion, a P/E ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. Comcast has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts expect that Comcast will post 4.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the third quarter worth about $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.