Company Update (NASDAQ:CMCSA): Comcast Begins Rollout of Gigabit Internet Service in Nashville
June 06, 2016 at 09:00 AM EDT
[Business Wire] – Following its announcement in February to bring 1 Gigabit-per-second Internet speeds to residential and business customers using DOCSIS 3.1 technology, Comcast today announced it is beginning an advanced consumer trial of Gigabit Internet service to Nashville. Read more on this. Comcast Corporation (CMCSA) , valued at $154.48B, opened at $63.71. During today’s session, CMCSA traded between $63.28 to $63.90 with a one year range of $50.00 to $64.99. Priced at 17.98x this year’s forecasted earnings, CMCSA shares are relatively expensive compared to the industry’s 10.91x forward p/e ratio. And for income investors, the company pays shareholders $1.10 per share annually in dividends, yielding 1.73%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.84 per share, which would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note 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 $19.11 Billion. If reported, that would be a 1.97% 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. Given all the information above, we should disclose to readers that the average price target is $71.19, which is 11.74% above than it opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Introduces New Internet Tiers For No Additional Cost For Majority Of California Customers Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation (Nasdaq: CMCSA) and SNY to Ring The Nasdaq Stock Market Closing Bell Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast to Host Fourth Quarter and Full Year 2015 Earnings Conference Call