Comcast (NASDAQ:CMCSA) Cut to Underperform at BNP Paribas

Comcast (NASDAQ:CMCSA - Get Free Report) was downgraded by stock analysts at BNP Paribas from a "neutral" rating to an "underperform" rating in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $31.00 price objective on the cable giant's stock. BNP Paribas' price target indicates a potential downside of 10.30% from the company's previous close.

Other analysts have also issued research reports about the company. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. UBS Group decreased their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $42.50.

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Comcast Trading Up 1.2 %

NASDAQ CMCSA traded up $0.41 during trading on Thursday, hitting $34.56. The stock had a trading volume of 8,064,636 shares, compared to its average volume of 27,676,326. The stock has a market capitalization of $130.67 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.94. The stock has a 50 day simple moving average of $35.57 and a 200 day simple moving average of $38.49. Comcast has a one year low of $32.20 and a one year 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 - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. Sell-side analysts predict that Comcast will post 4.33 earnings per share for the current year.

Institutional Trading of Comcast

A number of institutional investors have recently added to or reduced their stakes in CMCSA. Morse Asset Management Inc purchased a new position in shares of Comcast in the 3rd quarter worth $451,000. Soltis Investment Advisors LLC boosted its holdings in Comcast by 8.9% in the third quarter. Soltis Investment Advisors LLC now owns 9,325 shares of the cable giant's stock valued at $390,000 after purchasing an additional 766 shares during the last quarter. Invst LLC raised its holdings in Comcast by 8.4% in the third quarter. Invst LLC now owns 39,839 shares of the cable giant's stock valued at $1,664,000 after acquiring an additional 3,077 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Comcast by 6.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock valued at $525,000 after acquiring an additional 759 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.