[at MarketWatch] – Cable companies used to worry about Netflix and other streaming services giving their customers a reason to cut the cord. So why is Comcast now in talks with Netflix about adding the service to their new …
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Comcast Corporation (CMCSA), valued at $123.63B, began trading this morning at $47.13.
Looking at today’s trading action, the company’s one day range from $47.07 to $47.63 and has traded between $34.95 and $47.63 over the past year.
Comcast (CMCSA) shares are currently priced at 19.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.23x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $0.78 per share annually in dividends, yielding 1.70%.
In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.61 per share, which would be $0.15 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $2.45, which would be a $0.52 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.25 Billion. If realized, that would be a 1.75% decrease over the year-ago quarter.
More recently, Robert W. Baird upgraded CMCSA from Neutral to Outperform (Aug 1, 2013).
Previously, RBC Capital Mkts upgraded CMCSA from Sector Perform to Outperform.
Investors should keep in mind is that the average price target is $52.04, which is 10.42% above where the stock opened this morning.
Comcast Corporation (NASDAQ:CMCSA), operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments.
Tag Helper ~ Stock Code: CMCSA | Common Company name: Comcast | Full Company name: Comcast Corporation (NASDAQ:CMCSA) .