Comcast (NASDAQ:CMCSA) Given New $35.00 Price Target at Barclays

Comcast (NASDAQ:CMCSA) had its price objective lowered by stock analysts at Barclays from $37.00 to $35.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the cable giant’s stock. Barclays‘s price objective would indicate a potential upside of 3.12% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Finally, Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Performance

NASDAQ:CMCSA opened at $33.94 on Monday. The company has a market cap of $128.33 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $37.95.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Amundi grew its holdings in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the period. Capital World Investors raised its position in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after acquiring an additional 8,928,641 shares during the period. Institutional investors and hedge funds 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.