Company Update (NASDAQ:CMCSA): Comcast Expands Digital Store Offering in a Content Licensing Agreement with The Walt Disney Studios

[Business Wire] – Comcast today announced that it has entered into a content licensing agreement with The Walt Disney Studios to start offering a selection of digital library titles and new releases as they become available from Disney, Walt Disney Animation Studios, Disney•Pixar, Marvel Studios, Lucasfilm, Disneynature and Touchstone Pictures via the Xfinity On Demand digital store. Read more on this. Comcast Corporation (CMCSA) , currently valued at $149.60B, opened at $60.98. During the trading session, CMCSA traded between $60.80 to $61.43 with a trailing 52-week range being $50.00 to $64.99. Priced at 17.40x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 12.94x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.10 per share annually in dividends, yielding 1.78%. 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 $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.53 would be a $0.29 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. In terms of ratings, Argus upgraded CMCSA from Hold to Buy (Feb 5, 2016). Previously, Sun Trust Rbsn Humphrey Initiated CMCSA at to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $69.44, which is 13.87% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Company Update (NASDAQ:CMCSA): Comcast Business Expands Fiber Network to City of Manvel 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