Barclays Lowers Comcast (NASDAQ:CMCSA) Price Target to $35.00

Comcast (NASDAQ:CMCSA - Free Report) had its price objective reduced by Barclays from $37.00 to $35.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the cable giant's stock.

Several other research firms have also recently weighed in on CMCSA. The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. UBS Group dropped their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and reduced their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.64 during trading hours on Monday, hitting $34.46. The company's stock had a trading volume of 24,823,833 shares, compared to its average volume of 21,940,632. Comcast has a 12 month low of $31.44 and a 12 month high of $45.31. The company's 50 day simple moving average is $35.13 and its two-hundred day simple moving average is $37.82. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $130.29 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, sell-side analysts expect that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Trading of Comcast

Several hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Comcast in the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter valued at approximately $743,681,000. Amundi lifted its position in Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after buying an additional 14,369,056 shares during the last quarter. Capital World Investors boosted its stake in shares of Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Finally, KBC Group NV grew its holdings in Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Hedge funds and other 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.