B of A Securities Downgrades Comcast (XTRA:CTP2)

Fintel reports that on January 31, 2025, B of A Securities downgraded their outlook for Comcast (XTRA:CTP2) from Buy to Neutral.

Analyst Price Forecast Suggests 29.21% Upside

As of January 29, 2025, the average one-year price target for Comcast is 46,18 €/share. The forecasts range from a low of 35,42 € to a high of 57,72 €. The average price target represents an increase of 29.21% from its latest reported closing price of 35,74 € / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Comcast is 127,477MM, an increase of 3.03%. The projected annual non-GAAP EPS is 4.64.

What is the Fund Sentiment?

There are 3,726 funds or institutions reporting positions in Comcast. This is an increase of 18 owner(s) or 0.49% in the last quarter. Average portfolio weight of all funds dedicated to CTP2 is -2.52%, an increase of 542.10%. Total shares owned by institutions decreased in the last three months by 2.11% to 3,800,839K shares.

What are Other Shareholders Doing?

DE:CTP2 / Comcast Corporation Shares Held by Institutions

Capital World Investors holds 130,425K shares representing 3.42% ownership of the company. In its prior filing, the firm reported owning 128,148K shares , representing an increase of 1.75%. The firm increased its portfolio allocation in CTP2 by 3.22% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 122,440K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 123,606K shares , representing a decrease of 0.95%. The firm decreased its portfolio allocation in CTP2 by 0.76% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 101,182K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 100,460K shares , representing an increase of 0.71%. The firm decreased its portfolio allocation in CTP2 by 1.13% over the last quarter.

Jpmorgan Chase holds 89,101K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 86,410K shares , representing an increase of 3.02%. The firm increased its portfolio allocation in CTP2 by 1,046.31% over the last quarter.

Geode Capital Management holds 84,806K shares representing 2.22% ownership of the company. In its prior filing, the firm reported owning 85,791K shares , representing a decrease of 1.16%. The firm decreased its portfolio allocation in CTP2 by 49.08% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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