UBS Group Lowers Comcast (NASDAQ:CMCSA) Price Target to $36.00

Key Points

• UBS Group has lowered its price target for Comcast's stock from $40.00 to $36.00, maintaining a "neutral" rating, indicating a potential upside of 10.04% from the stock's previous close.
• Recent ratings changes from various analysts show mixed sentiments, with Argus downgrading Comcast from "buy" to "hold" and Wells Fargo cutting its rating to "underweight" with a target price of $31.00.
• Comcast's stock has seen a decline, trading at $32.72 amid fluctuations in target prices, with a consensus rating of "Hold" and an average target of $40.77.

Comcast (NASDAQ:CMCSA - Get Free Report) had its price target lowered by research analysts at UBS Group from $40.00 to $36.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the cable giant's stock. UBS Group's price target points to a potential upside of 10.04% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. BNP Paribas Exane cut their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. New Street Research reduced their target price on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.77.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.52 during mid-day trading on Friday, hitting $32.72. 7,030,764 shares of the company's stock traded hands, compared to its average volume of 24,418,256. Comcast has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm's 50 day simple moving average is $34.84 and its 200 day simple moving average is $35.14. The company has a market cap of $122.15 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Sell-side analysts expect that Comcast will post 4.33 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Foster Group Inc. lifted its position in shares of Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant's stock worth $265,000 after purchasing an additional 282 shares in the last quarter. Sculati Wealth Management LLC raised its stake in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares in the last quarter. Beck Mack & Oliver LLC boosted its holdings in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after buying an additional 300 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after acquiring an additional 300 shares during the period. Finally, Argyle Capital Management LLC raised its holdings in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant's stock valued at $2,184,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

About Comcast

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.

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