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

Comcast (NASDAQ:CMCSA) had its target price reduced by investment analysts at UBS Group from $47.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the cable giant’s stock. UBS Group’s target price indicates a potential upside of 9.29% from the company’s previous close.

CMCSA has been the subject of a number of other reports. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Finally, Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Price Performance

NASDAQ:CMCSA opened at $36.60 on Tuesday. 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 firm has a market cap of $138.39 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast has a 12 month low of $32.50 and a 12 month high of $45.31. The company’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $39.05.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS 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, equities analysts anticipate that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

Large investors have recently made changes to their positions in the stock. Promus Capital LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its position in shares of 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 in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the 3rd quarter valued at $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.