Company Update (NASDAQ:CMCSA): Comcast to Participate in Morgan Stanley Investor Conference

[ Business Wire] – On Tuesday, March 1, 2016, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation , will participate in Morgan Stanley’s 2016 Technology , Media & Telecom Conference in San Francisco, California. Read more on this. Comcast Corporation (CMCSA) , valued at $140.02B, opened this morning at $57.81. Looking at today’s trading action, the company’s one day range from $56.99 to $57.85 and has traded between $50.00 and $64.99 over the past 12 months. CMCSA shares are currently priced at 15.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 1.27x forward p/e ratio. The company pays shareholders $1.10 per share annually in dividends, yielding 1.94%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $0.80 per share, which would be $0.01 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.55 would be a $0.31 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 $18.66 Billion. If realized, that would be a 4.54% increase over the year-ago quarter. In terms of ratings, Argus upgraded CMCSA from Hold to Buy (Feb 5, 2016). Previously, Sun Trust Rbsn Humphrey Initiated CMCSA at to Neutral. With the above information in mind, readers should note that the average price target is $69.48, which is 20.19% above where the stock 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 Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Cable Accepting Proposals for Two New Hispanic American Owned Independent Networks Stock Update (NASDAQ:CMCSA): Comcast to Participate in Goldman Sachs Communacopia Conference