Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast’s Redesigned Cable Box May Be Helping It Lose Fewer TV Customers

Comcast Corporation (NASDAQ:CMCSA) [at BusinessWeek] – In the last three months of 2013, Comcast managed a rare feat in the cable business: It added a few pay-television subscribers–not just the folks who want high-speed Internet service. For the first time …
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Comcast Corporation (CMCSA), with a current market cap of $139.45B, began trading this morning at $53.02.
 
During today’s session, CMCSA traded between $52.58 to $53.50 and has traded between $37.81 and $53.50 over the past 12 months.
 
Comcast (CMCSA) shares are currently priced at 21.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.19x earnings multiple for the same period.
 
And for dividend hunters, 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. In looking at the bigger picture, the full-year EPS estimate of $2.50 would be a $0.57 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.64 Billion. If reported, that would be a 4.39% increase over the year-ago quarter.
 
Recently, Northland Capital Initiated CMCSA at Outperform (Dec 4, 2013). Previously, Robert W. Baird upgraded CMCSA from Neutral to Outperform.
 
The average price target for CMCSA shares by the analysts covering it is $55.00, which is 3.73% above where the stock opened.
 
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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