[PR Newswire] – PLYMOUTH, Mich., Nov. 11, 2013 /PRNewswire/ — With the new school year in full swing, Comcast is re-launching Internet Essentials, the nation’s largest and most comprehensive broadband adoption initiative for low-income families. State Senate Majority Leader Randy Richardville, Jackson Mayor Marty Griffin, NFL great Tony Dungy and Comcast Executive Vice President David L. Cohen, along with civic and community leaders, today kicked off the program’s third year and announced that, in about two years, more than 250,000 families, benefitting an estimated 1 million low-income Americans nationwide, now have a broadband connection at home. In addition to an inspiring leadership message, he spoke to the students on the importance of connectivity and made a special announcement about what he and Comcast are doing to close the digital divide. Comcast introduced and shared the success stories of several local families that have benefited from the Internet Essentials program, as well as gave away notebook computers to several deserving students at Parkside.
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Comcast Corporation (CMCSA), with a current market cap of $123.79B, opened this morning at $48.05.
During the trading session, CMCSA traded between $47.31 to $48.06 with a one year range of $34.95 to $48.90.
CMCSA shares are currently priced at 19.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.07x forward p/e ratio.
And for those looking to make a return holding the stock, the company pays shareholders $0.78 per share annually in dividends, yielding 1.60%.
In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.68 per share, which would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.49 is a $0.56 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.63 Billion. If realized, that would be a 4.33% increase 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 $53.59, which is 11.53% 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) .