Company Update (NASDAQ:CMCSA): Comcast Business Expands Fiber Network to City of Manvel

[Business Wire] – Comcast Business today announced that it extended its advanced network into the city of Manvel, providing businesses in the fields of manufacturing, distribution, logistics and others, with access to a comprehensive portfolio of advanced communications services to help improve productivity and scale their operations. Read more on this. Comcast Corporation (CMCSA) , currently valued at $145.96B, began trading this morning at $58.76. During the trading session, CMCSA traded between $58.70 to $59.97 and has traded between $50.00 and $64.99 over the past 12 months. Comcast (CMCSA) shares are currently priced at 16.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.86x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.10 per share annually in dividends, yielding 1.84%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.79 per share, which would be $0.02 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $3.54, which would be a $0.30 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.68 Billion. If reported, that would be a 4.65% increase over the year-ago quarter. Recently, Argus upgraded CMCSA from Hold to Buy (Feb 5, 2016). Previously, Sun Trust Rbsn Humphrey Initiated CMCSA at to Neutral. Investors should keep in mind is that the average price target is $69.44, which is 18.18% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Stock Update (NASDAQ:CMCSA): Comcast Business Expands High-Performance Communications Network to More Local Businesses in North Salt Lake, Utah Market Update: Comcast Corporation (NASDAQ:CMCSA) – City Year and Comcast NBCUniversal Announce $11.2 Million Commitment and Renewed Partnership Agreement Stock Update (NASDAQ:CMCSA): Comcast Business Expands Network in Twin Cities