Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation Announces Preliminary Results of 2016 Annual Meeting of Shareholders

[Business Wire] – Comcast Corporation today announced the preliminary results of its 2016 Annual Meeting of Shareholders held this morning. Final voting results will be filed with the Securities and Exchange Commission on a Form 8-K within four business days. Read more on this. Comcast Corporation (CMCSA) , with a current value of $145.69B, opened at $60.00. Shares have traded today between $59.62 and $60.28 per share with its 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 17.06x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.96x 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 1.77%. According to a consensus of 25 analysts, the earnings estimate of $0.84 per share would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.54 would be a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $19.11 Billion. If realized, 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. When considering if the stock is under or overvalued, the average price target is $71.00, which is 18.33% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Market Update: Comcast Corporation (NASDAQ:CMCSA) – ‘L&N STEMpunks’ Win the 2016 Media & Technology Innovation Award Sponsored by Comcast NBCUniversal Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation (Nasdaq: CMCSA) and SNY to Ring The Nasdaq Stock Market Closing Bell Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Adding More Than 200 Jobs In Connecticut In 2016