Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Offers up to Six Months of Complimentary Internet Service and an Amnesty Program for Low-Income Families in New Mexico and across the U.S.

Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (CMCSA), currently valued at $137.38B, opened at $53.86.

Looking at the stock, its one day range is $52.91 to $53.86 with its 52-week range being $41.06 to $56.49.

[Business Wire] – Comcast today announced it will include up to six months of complimentary service for any new family that has not yet applied for Internet Essentials in New Mexico. Families who are approved for Internet Essentials between August 4th and September 20th, 2014 will receive up to six months of Internet service.
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CMCSA shares are currently priced at 18.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.39x forward p/e ratio.

And for dividend hunters, the company pays shareholders $0.90 per share annually in dividends, yielding 1.70%.

According to a consensus of 22 analysts, the earnings estimate of $0.71 per share would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.95, which would be a $0.48 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 $16.87 Billion. If realized, that would be a 4.46% increase over the year-ago quarter.

Recently, Telsey Advisory Group Initiated CMCSA at Not Rated (Apr 22, 2014). Previously, Pacific Crest upgraded CMCSA from Sector Perform to Outperform.

The average price target for CMCSA shares is $62.42, which is 15.89% 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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