Comcast Corporation (NASDAQ:CMCSA) – Comcast Partners with Samsung to Bring Streaming 4K Ultra HD Content to the Television

Comcast Corporation (NASDAQ:CMCSA) [Business Wire] – Comcast Corporation today announced a partnership with Samsung Electronics Co, Ltd. to deliver 4K Ultra High-Definition content to 2014 Samsung UHD TVs. Later this year, Xfinity TV customers with Samsung UHD TVs can launch an Xfinity TV 4K app directly on their TVs that will allow them to stream, via the Internet, a variety of 4K UHD movies and TV shows On Demand.
Read more on this.

Comcast Corporation (CMCSA), with a current market cap of $133.44B, started the session at $51.13.
 
Looking at today’s trading action, the company’s one day range from $50.67 to $51.62 with its 52-week range being $37.21 to $52.09.
 
CMCSA shares are currently priced at 20.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.69x earnings multiple.
 
And for passive income investors, the company pays shareholders $0.78 per share annually in dividends, yielding 1.50%.
 
Consensus earnings for the current quarter by the 31 sell-side analysts covering the stock is an estimate of $0.68 per share, which would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.50, which would be a $0.57 better when compared to the last 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.
 
The average price target for CMCSA shares is $53.64, which is 4.91% 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) .

More on this topic (What's this?) Read more on Comcast, Samsung Electronics at Wikinvest

NYSE, NASDAQ, Market Data, Earnings Estimates, Analyst Ratings and Key Statistics provided via Yahoo Finance, unless otherwise specified. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Jutia Group will not be liable for any errors, incompleteness or delays, or for any actions taken in reliance on the data displayed herein.

Related Articles


Comments are closed.