[PR Newswire] – BOSTON, Nov. 19, 2013 /PRNewswire/ — With the start of the new school year, Comcast is re-launching Internet Essentials, the nation’s largest and most comprehensive broadband adoption initiative for low-income families. Today, Comcast representatives, local Elected Officials and Northeastern University joined with more than 200 Boston Public Schools students, teachers and administrators to kick off the program’s third year and announced that, in about 24 months, more than 1 million low-income Americans or 250,000 families nationwide now have a broadband connection at home. This includes more than 6,000 families and about 24,000 individuals in Massachusetts. Today’s event in Boston is one in a series of events Comcast is hosting in 23 states across the country to raise visibility about bridging the digital divide in America and connecting more families to the Internet.
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Comcast Corporation (CMCSA), with a current value of $123.74B, started the session at $47.34.
A quick look at the market, the company’s traded between $47.10 to $47.46 with its 52-week range being $35.90 to $48.90.
CMCSA shares are currently priced at 19.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.61x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $0.78 per share annually in dividends, yielding 1.60%.
According to a consensus of 28 analysts, the earnings estimate of $0.68 per share would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note 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 predicated on a consensus revenue forecast of $16.63 Billion. If reported, that would be a 4.33% increase over the year-ago quarter.
Recently, Robert W. Baird upgraded CMCSA from Neutral to Outperform (Aug 1, 2013). Previously, Robert W. Baird Initiated CMCSA at to Neutral.
The average price target for CMCSA shares is $53.70, which is 13.43% 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) .