Comcast (NASDAQ:CMCSA) Price Target Raised to $30.00 at BNP Paribas Exane

Comcast (NASDAQ:CMCSA) had its price objective hoisted by stock analysts at BNP Paribas Exane from $28.00 to $30.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the cable giant’s stock. BNP Paribas Exane’s price objective would suggest a potential downside of 0.89% from the stock’s current price.

CMCSA has been the topic of a number of other research reports. Williams Trading set a $40.00 target price on Comcast in a research note on Friday, October 31st. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a research report on Thursday. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Benchmark reduced their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Down 0.2%

Shares of NASDAQ CMCSA opened at $30.27 on Friday. Comcast has a 1 year low of $25.75 and a 1 year high of $38.46. The firm has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $31.68. The company has a market cap of $110.30 billion, a P/E ratio of 5.04, a PEG ratio of 2.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. Research analysts anticipate that Comcast will post 4.33 earnings per share for the current year.

Institutional Trading of Comcast

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foster Group Inc. grew its holdings in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC grew its position in shares of Comcast by 0.5% in the second 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 last quarter. Webster Bank N. A. grew its position in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the period. Finally, United Asset Strategies Inc. lifted its position in shares of Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after purchasing an additional 308 shares during the last quarter. 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.