Company Update (NYSE:IBM): IBM Cloud Video Powers CBC’s Next-Generation, Ad-Supported Streaming Video Service

[PR Newswire] – TORONTO and ARMONK, N.Y., April 18, 2016 /PRNewswire/ — IBM (NYSE: IBM ) today announced that the Canadian Broadcasting Corporation (CBC), Canada’s national public broadcaster, is leveraging IBM Cloud … Read more on this. International Business Machines Corporation (IBM) , valued at $146.11B, started the session at $151.75. Today, shares have traded between $151.49 and $152.45 per share with its 52-week range being $116.90 to $176.30. IBM shares are currently priced at 11.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.66x forward p/e ratio. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.43%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $2.09 per share, which would be $0.82 worse than the year-ago quarter and a $0.81 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $13.54, which would be a $1.38 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.28 Billion. If reported, that would be a 6.69% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $136.77, which is 9.87% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Announced New Cloud Unit for Its Recent Cloud Acquisitions Stock Update: International Business Machines Corporation (NYSE:IBM) – MEDIA ALERT: New IBM Cloud Service Enables IT Operations to Receive and Respond to Critical App and Network Performance Alerts Faster Market Update (NYSE:IBM): MEDIA ALERT: New IBM Cloud Services Enable Developers to Run Zero-Downtime Updates, Easily Connect to Streaming Twitter Data