[at Motley Fool] – A look at three public companies, Madison Square Garden, Comcast, and Rogers Communications, that own NHL teams and media assets that benefit from a strong season.
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Comcast Corporation (CMCSA), valued at $127.47B, started trading this morning at $48.71.
During the trading session, CMCSA traded between $48.31 to $49.25 and has traded between $36.30 and $50.75 over the past 12 months.
CMCSA shares are currently priced at 19.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.26x forward p/e ratio.
And for income investors, the company pays shareholders $0.78 per share annually in dividends, yielding 1.60%.
According to a consensus of 29 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. The full-year EPS estimate is $2.50 which would be a $0.57 improvement than last year’s full-year earnings.
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.
More recently, Northland Capital Initiated CMCSA at Outperform (Dec 4, 2013). Previously, Robert W. Baird upgraded CMCSA from Neutral to Outperform.
Given all the information above, we should disclose to readers that the average price target is $53.71, which is 10.26% 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) .