[at Fox Business] – Charter reportedly renewed talks with Comcast this week over the possibility of making a joint bid to acquire Time Warner Cable, which has rejected several offers from Charter.
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Comcast Corporation (CMCSA), valued at $139.87B, started trading this morning at $54.05.
Looking at today’s trading action, the company’s one day range from $53.45 to $54.30 with its 52-week range being $37.81 to $54.65.
Comcast (CMCSA) shares are currently priced at 21.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.72x earnings multiple for the same period.
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. What we find to be interesting is that the full-year EPS estimate of $2.50 is a $0.57 better 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.
Recently, Northland Capital Initiated CMCSA at Outperform (Dec 4, 2013). Previously, Robert W. Baird upgraded CMCSA from Neutral to Outperform.
When considering if perhaps the stock is under or overvalued, the average price target is $55.60, which is 2.87% 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) .