Company Update – Comcast Corporation (NASDAQ:CMCSA) – Six (Often Frustrating) Reasons For Comcast’s Varying Prices

Comcast Corporation (NASDAQ:CMCSA) [at Forbes] – When it comes to customer service, cable TV providers rate near the bottom, even worse than airlines, according to the American Customer Satisfaction Index. Internet service providers dwell at the very bottom. One does not have to look far to find complaints about companies that are both cable TV and Internet [...]
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Comcast Corporation (CMCSA), valued at $124.70B, started trading this morning at $47.64.
Today’s price range has been between $47.50 and $47.92 per share with a trailing 52-week range being $35.50 to $48.90.
 
Priced at 19.17x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 12.61x forward p/e ratio.
The company pays shareholders $0.78 per share in dividend income per year, for a current yield of 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. In looking at the bigger picture, the full-year EPS estimate of $2.49 would be a $0.56 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.63 Billion. If reported, that would be a 4.33% increase over the year-ago quarter.
In terms of ratings, Robert W. Baird upgraded CMCSA from Neutral to Outperform (Aug 1, 2013). Previously, Robert W. Baird Initiated CMCSA at to Neutral.
When considering if perhaps the stock is under or overvalued, the average price target is $53.70, which is 12.72% 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) .

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