Company Update: Comcast Corporation (NASDAQ:CMCSA) – Sridhar Solur Joins Comcast Cable as Senior Vice President, Xfinity Home and IoT Products

[Business Wire] – Comcast announced today that it has named Sridhar Solur as Senior Vice President Product Development for Xfinity Home and Internet of Things for Comcast Cable. In this role, Solur will lead product development for the Xfinity Home business, which includes devices and services in the IoT, home automation, and home security categories. Read more on this. Comcast Corporation (CMCSA) , valued at $148.34B, opened this morning at $59.93. Looking at the equity, the company’s one day range is $59.71 to $60.82 with its 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 16.92x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -3.01x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.10 per share annually in dividends, yielding 1.86%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.79 per share, which would be $0.02 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.54, which would be a $0.30 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.68 Billion. If realized, that would be a 4.65% 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. The average price target for CMCSA shares by the analysts covering the stock is $69.44, which is 15.87% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Market Update: Comcast Corporation (NASDAQ:CMCSA) – Noopur Davis Joins Comcast Cable as Senior Vice President, Product Security and Privacy for the Technology and Product Team Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation Names Dalila Wilson-Scott Senior Vice President, Community Investment, and President of the Comcast Foundation Company Update: Comcast Corporation (NASDAQ:CMCSA) – Mary McLaughlin Named Senior Vice President Of Comcast Cable’s Beltway Region