Market Update: Comcast Corporation (NASDAQ:CMCSA) – City Year and Comcast NBCUniversal Announce $11.2 Million Commitment and Renewed Partnership Agreement

[Business Wire] – City Year and Comcast NBCUniversal announced today that they have entered into a three-year partnership renewal agreement valued at $11.2 million in cash and in-kind support. Additionally, City Year has named Comcast NBCUniversal a National Strategic Partner, the highest sponsorship level afforded to a corporate sponsor. Read more on this. Comcast Corporation (CMCSA) , with a current value of $135.41B, began trading this morning at $55.00. Looking at the stock, its one day range is $54.85 to $56.03 with a one year range of $50.00 to $64.99. Priced at 16.84x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 0.65x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.00 per share annually in dividends, yielding 1.80%. According to a consensus of 26 analysts, the earnings estimate of $0.83 per share 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 $3.28 would be a $0.08 improvement 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 $18.75 Billion. If realized, that would be a 5.75% increase over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated CMCSA at Neutral (Nov 11, 2015). Previously, Deutsche Bank Initiated CMCSA at to Hold. Given all the information above, we should disclose to readers that the average price target is $70.04, which is 27.35% 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): Billion Dollar Roundtable Inducts Comcast NBCUniversal Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Phone Customers Now Get Unlimited Calls to Nearly Half of the World