Company Update (NASDAQ:CMCSA): Comcast-Backed Firm Makes $250 Million Investment in Groupon

[at Bloomberg] – A new venture firm backed by Comcast Corp. has invested $250 million in online marketplace Groupon Inc., creating a partnership that could bolster the cable company’s local advertising business. Read more on this. Comcast Corporation (CMCSA) , with a current market cap of $149.22B, opened at $61.51. Today’s price range has been between $61.12 and $61.80 per share with a trailing 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 17.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.94x earnings multiple. The company pays shareholders $1.10 per share annually in dividends, yielding 1.78%. According to a consensus of 25 analysts, the earnings estimate of $0.79 per share would be $0.02 worse than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.54 is a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.64 Billion. If reported, that would be a 4.43% 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. The average price target for CMCSA shares by the analysts covering the stock is $69.44, which is 12.89% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation (Nasdaq: CMCSA) and SNY to Ring The Nasdaq Stock Market Closing Bell Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation Names Dalila Wilson-Scott Senior Vice President, Community Investment, and President of the Comcast Foundation Market Update: Comcast Corporation (NASDAQ:CMCSA) – City Year and Comcast NBCUniversal Announce $11.2 Million Commitment and Renewed Partnership Agreement