Comcast (NASDAQ:CMCSA) Price Target Lowered to $26.00 at BNP Paribas Exane

Key Points

• BNP Paribas Exane cut its price target on Comcast to $26 (from $27) and kept an underperform rating, implying about a 9.4% downside from the stock's current level.
• Analyst consensus remains mixed: the average rating is "Hold" with an average target of $34.76, reflecting 10 Buys, 15 Holds and 4 Sells among covering analysts.
• Comcast recently beat EPS (Q: $0.84 vs. $0.75 est.) while revenue slightly missed ($32.31B vs. $32.35B), and CEO Michael Cavanagh sold 57,947 shares in February, reducing his stake by ~8.5%.

Comcast (NASDAQ:CMCSA - Get Free Report) had its target price decreased by equities research analysts at BNP Paribas Exane from $27.00 to $26.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has an "underperform" rating on the cable giant's stock. BNP Paribas Exane's target price points to a potential downside of 9.44% from the company's current price.

CMCSA has been the topic of several other research reports. Rosenblatt Securities restated a "neutral" rating and issued a $30.00 target price on shares of Comcast in a report on Friday, January 30th. Barclays set a $28.00 price target on shares of Comcast and gave the company an "equal weight" rating in a research report on Tuesday, January 13th. TD Cowen decreased their price objective on shares of Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Morgan Stanley lowered their price objective on shares of Comcast from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 10th. Finally, Citigroup reiterated a "buy" rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast has an average rating of "Hold" and an average target price of $34.76.

Comcast Stock Down 0.1%

CMCSA opened at $28.71 on Thursday. Comcast has a 12 month low of $25.75 and a 12 month high of $37.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The business's 50-day moving average price is $30.29 and its 200-day moving average price is $29.59. The company has a market cap of $103.29 billion, a P/E ratio of 5.34, a P/E/G ratio of 2.28 and a beta of 0.79.

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

Insider Buying and Selling

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company's stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.32% of the company's stock.

Hedge Funds Weigh In On Comcast

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC grew its stake in shares of 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 buying an additional 436 shares during the last quarter. Imprint Wealth LLC purchased a new position in Comcast during the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast in the fourth quarter worth $27,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast in the third quarter worth $28,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Comcast in the second quarter worth $29,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

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.

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