Comcast (NASDAQ:CMCSA) Downgraded by BNP Paribas to Underperform

Comcast (NASDAQ:CMCSA) was downgraded by BNP Paribas from a “neutral” rating to an “underperform” rating in a research note issued on Thursday,Finviz reports. They presently have a $31.00 price target on the cable giant’s stock. BNP Paribas’ target price would suggest a potential downside of 11.88% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

Comcast Stock Up 7.1 %

NASDAQ CMCSA opened at $35.18 on Thursday. The firm has a market capitalization of $133.02 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 0.94. Comcast has a 52 week low of $32.20 and a 52 week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $35.55 and a two-hundred day moving average of $38.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, analysts predict that Comcast will post 4.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new stake in Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in shares of Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. Finally, Retirement Wealth Solutions LLC increased its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Hedge funds and other institutional investors 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.