Company Update (NASDAQ:CMCSA): Comcast Becomes Title Sponsor for Portland Parks & Recreation’s “Summer Free For All” Program

[Business Wire] – Building on a multi-year partnership, Comcast announced that it will become the Title Sponsor for Portland Parks & Recreation’s 2016 Summer Free For All program. Support from Comcast, the information and entertainment provider to the most homes in Portland, will help PP&R deliver the popular, free summer program series to an audience that topped 320,000 attendees in 2015. Read more on this. Comcast Corporation (CMCSA) , with a current value of $147.21B, began trading this morning at $61.72. During today’s session, CMCSA traded between $60.46 to $61.76 with its 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 17.47x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.96x earnings multiple. And for income investors, the company pays shareholders $1.10 per share annually in dividends, yielding 1.78%. Consensus earnings for the current quarter by the 25 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 improvement 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. More 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 $71.00, which is 15.04% above than it opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Stock Update (NASDAQ:CMCSA): Wawa and Comcast Team Up to Deliver Free Wi-Fi at More Than 700 East Coast Locations 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