Comcast (NASDAQ:CMCSA) Price Target Cut to $35.00 by Analysts at Barclays

Comcast (NASDAQ:CMCSA) had its target price decreased by Barclays from $37.00 to $35.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the cable giant’s stock.

A number of other brokerages also recently issued reports on CMCSA. UBS Group lowered their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $41.88.

Comcast Stock Down 0.4 %

CMCSA opened at $33.77 on Monday. 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’s 50-day moving average is $35.30 and its 200 day moving average is $37.98. Comcast has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market capitalization of $127.69 billion, a P/E ratio of 8.14, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. Comcast’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts expect that Comcast will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comcast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC grew its holdings in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares in the last quarter. Sculati Wealth Management LLC grew its holdings 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 valued at $1,156,000 after acquiring an additional 285 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after acquiring an additional 291 shares in the last quarter. Five Oceans Advisors grew its holdings in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after acquiring an additional 300 shares in the last quarter. 84.32% of the stock is 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.