UBS Group Has Lowered Expectations for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its price target lowered by research analysts at UBS Group from $47.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the cable giant’s stock. UBS Group’s price target indicates a potential upside of 7.04% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. Loop Capital lowered their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Up 1.2 %

Comcast stock opened at $37.37 on Tuesday. The firm’s 50 day moving average price is $35.87 and its two-hundred day moving average price is $39.02. The firm has a market cap of $141.30 billion, a PE ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in the stock. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in Comcast in the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $30,000. 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.