Comcast Corporation (NASDAQ:CMCSA) ~ Comcast to Expand Philadelphia Presence with State-of-the-Art, $1.2 Billion ‘Comcast Innovation and Technology Center’

Comcast Corporation (NASDAQ:CMCSA) [Business Wire] – Comcast Corporation and Liberty Property Trust announced today they will jointly develop the “Comcast Innovation and Technology Center” on the 1800 block of Arch Street in Center City Philadelphia.
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Comcast Corporation (CMCSA), valued at $141.39B, began trading this morning at $53.25.
 
Looking at today’s trading action, the company’s one day range from $53.17 to $54.65 with its 52-week range being $37.81 to $54.65.
 
Priced at 20.86x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 19.72x forward p/e ratio.
 
And for income investors, the company pays shareholders $0.78 per share annually in dividends, yielding 1.50%.
 
In a review of the consensus earnings estimate this quarter, 31 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 $2.50 would be a $0.57 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.63 Billion. If realized, 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.
 
When considering if the stock is under or overvalued, the average price target is $55.17, which is 3.61% 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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