Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Brings TV to Every Screen for Colleges and Universities

Comcast Corporation (NASDAQ:CMCSA) [Business Wire] – Comcast today launched Xfinity On Campus, a service that lets college students watch live TV and On Demand content on their IP-enabled devices, including, laptops, tablets and smartphones while on campus.
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Comcast Corporation (CMCSA), valued at $140.92B, started the session at $54.66.
 
Looking at today’s market, CMCSA one day range is $54.41 to $54.83 with its 52-week range being $41.06 to $56.49.
 
CMCSA shares are currently priced at 18.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.62x forward p/e ratio.
 
And for those looking to make a return holding the stock, the company pays shareholders $0.90 per share annually in dividends, yielding 1.70%.
 
In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.71 per share, which would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.95 which would be a $0.48 better than last year’s full-year earnings.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.87 Billion. If reported, 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.
 
When considering if the stock is under or overvalued, the average price target is $62.71, which is 14.73% 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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