Barclays Issues Pessimistic Forecast for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its price target decreased by analysts at Barclays from $42.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the cable giant’s stock. Barclays‘s target price suggests a potential upside of 10.28% from the stock’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Rosenblatt Securities decreased their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup decreased their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Performance

Shares of CMCSA stock opened at $33.55 on Monday. The company has a market capitalization of $128.38 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Comcast has a 52 week low of $32.50 and a 52 week high of $45.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The company’s 50 day moving average price is $38.41 and its two-hundred day moving average price is $40.02.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate 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 expect that Comcast will post 4.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Trading of Comcast

Several institutional investors and hedge funds have recently modified their holdings of CMCSA. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth approximately $28,000. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at approximately $30,000. 84.32% of the stock is currently owned by institutional investors.

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.