Comcast Corporation (NASDAQ:CMCSA) – Comcast lobbyist Cohen meets his match in FCC’s Wheeler

Comcast Corporation (NASDAQ:CMCSA) [Reuters] – WASHINGTON/NEW YORK (Reuters) – Comcast Corp’s top lobbyist David Cohen is known to be a savvy political operator, having pushed through the No. 1 U.S. cable operator’s landmark acquisition of media giant NBC Universal in 2011. But when it comes to getting approval for Comcast to buy its biggest rival, Time Warner Cable Inc, Cohen must win over someone just as well versed in the ways of lobbyists and the cable industry: Federal Communications Commission Chairman Tom Wheeler. Since taking over the FCC last November, however, he has not shied away from stances that have roiled past allies. Comcast will formally request an FCC review of the $45.2 billion Time Warner Cable deal later in March.
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Comcast Corporation (CMCSA), with a current market cap of $132.88B, opened this morning at $51.00.
 
A quick look at the market, the company’s traded between $50.61 to $51.19 and has traded between $38.75 and $55.28 over the past year.
 
CMCSA shares are currently priced at 17.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.35x earnings multiple for the same period.
 
The company pays shareholders $0.90 per share in dividend income per year, for a current yield of 1.70%.
 
Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.14 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.88, which would be a $0.41 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.03 Billion. If realized, that would be a 11.23% increase over the year-ago quarter.
 
More recently, Pacific Crest upgraded CMCSA from Sector Perform to Outperform (Feb 24, 2014). Previously, Northland Capital Initiated CMCSA at to Outperform.
 
Investors should keep in mind is that the average price target is $60.10, which is 17.84% above where the stock opened this morning.
 
Summary (NASDAQ:CMCSA) :  Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international channels; and cable television production operations, as well as owns digital media properties. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, and broadcast television production operations, as well as owns digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment under the Universal Pictures, Focus Features, and Illumination names. This segment also develops, produces, and licenses stage plays, as well as owns digital media properties. The Theme Parks segment operates theme parks; studios; Island of adventures; and a dining, retail, and entertainment complex. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
 
Tag Helper ~ Stock Code: CMCSA | Common Company name: Comcast | Full Company name: Comcast Corporation (NASDAQ:CMCSA) .

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