Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Announces Internet Essentials Has Connected More Than 1 Million Low-Income Americans to the Internet at Home

Comcast Corporation (NASDAQ:CMCSA)

[Business Wire] – Today, Comcast Executive Vice President David L. Cohen announced that Comcast’s Internet Essentials program – the largest and most comprehensive broadband adoption program in Ameri
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Comcast Corporation (CMCSA), with a current market cap of $125.27B, started trading this morning at $48.22.

Looking at today’s market, CMCSA one day range is $47.54 to $48.23 and has traded between $34.95 and $48.23 over the past year.

CMCSA shares are currently priced at 19.69x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.61x earnings multiple for the same period.

And for dividend hunters, the company pays shareholders $0.78 per share annually in dividends, yielding 1.70%.

Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $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, Robert W. Baird Initiated CMCSA at to Neutral.

Given all the information above, we should disclose to readers that the average price target is $52.26, which is 8.38% above than it 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) .

More on this topic (What's this?) Read more on Comcast, The Internet Impact at Wikinvest

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