Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Tony Werner Promoted to President, Technology and Product, Comcast Cable; Sree Kotay Promoted to Chief Technology Officer

[Business Wire] – Comcast Cable announced today that it has promoted Tony Werner to President, Technology and Product, and Sree Kotay to Chief Technology Officer. Read more on this. Comcast Corporation (CMCSA) , currently valued at $152.69B, started the session at $62.82. A quick look at the market, the company’s stock traded between $62.50 and $63.04 with its 52-week range being $50.00 to $64.99. CMCSA shares are currently priced at 17.76x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.90x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.10 per share annually in dividends, yielding 1.75%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.84 per share, which would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is 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. Recently, Argus upgraded CMCSA from Hold to Buy (Feb 5, 2016). Previously, Sun Trust Rbsn Humphrey Initiated CMCSA at to Neutral. The average price target for CMCSA shares is $71.00, which is 13.02% above where the stock opened this morning. See more in (NASDAQ:CMCSA) Similar Articles: Company Update: Comcast Corporation (NASDAQ:CMCSA) – Sridhar Solur Joins Comcast Cable as Senior Vice President, Xfinity Home and IoT Products Market Update: Comcast Corporation (NASDAQ:CMCSA) – Noopur Davis Joins Comcast Cable as Senior Vice President, Product Security and Privacy for the Technology and Product Team Market Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Corporation Names Dalila Wilson-Scott Senior Vice President, Community Investment, and President of the Comcast Foundation