Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Yahoo And NBC Renew Sports Alliance

[Benzinga] – Yahoo! Inc. (NASDAQ: YHOO ) and Comcast Corporation (NASDAQ: CMCSA )’s NBC Sports Group on Monday they have agreed to renew their partnership. As part of the agreement, the two companies collaborated together … Read more on this. Comcast Corporation (CMCSA) , with a current value of $138.10B, opened at $56.82. During the trading session, CMCSA traded between $55.39 to $56.84 with its 52-week range being $50.00 to $64.99. Priced at 17.14x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 1.22x forward p/e ratio. The company pays shareholders $1.00 per share annually in dividends, yielding 1.77%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.83 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.29 would be a $0.09 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 $18.76 Billion. If realized, that would be a 5.81% increase over the year-ago quarter. More recently, Deutsche Bank Initiated CMCSA at Hold (Jul 14, 2015). Previously, Credit Suisse Initiated CMCSA at to Outperform. Given all the information above, we should disclose to readers that the average price target is $70.76, which is 24.53% above than it opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast to Host Fourth Quarter and Full Year 2015 Earnings Conference Call Market Update (NASDAQ:CMCSA): Sacramento Kings and Comcast Partner to Offer World’s Most Connected Indoor Sports and Entertainment Venue Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Announces Fifth Back-to-School Kickoff for Internet Essentials
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