Market Update (NASDAQ:CMCSA): Sacramento Kings and Comcast Partner to Offer World’s Most Connected Indoor Sports and Entertainment Venue

[Business Wire] – Today, the Sacramento Kings announced that Golden 1 Center will offer the world’s most connected indoor sports and entertainment venue as the result of a new multi-year agreement with Comcast Corporation . Read more on this. Comcast Corporation (CMCSA) , valued at $119.43B, opened at $58.49. Shares have traded today between $57.39 and $58.82 per share with its 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 17.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.24x earnings multiple. The company pays shareholders $1.00 per share annually in dividends, yielding 1.74%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.84 per share, which would be $0.10 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.29, which would be a $0.09 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.78 Billion. If realized, that would be a 5.92% increase over the year-ago quarter. In terms of ratings, Deutsche Bank Initiated CMCSA at Hold (Jul 14, 2015). Previously, Credit Suisse Initiated CMCSA at to Outperform. With the above information in mind, readers should note that the average price target is $71.00, which is 21.39% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Market Update: Comcast Corporation (NASDAQ:CMCSA) – WinnCompanies Upgrades Technology Services for Residents in the Northeast with Fiber-Based Products from Comcast Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Phone Customers Now Get Unlimited Calls to Nearly Half of the World Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast to Host Second Quarter 2015 Earnings Conference Call