12 analysts have increased their 2017 earnings forecasts and seven have raised their 2018 estimates for this telecom company in the past 30 days.
Comcast Corporation (CMCSA)
From 2 for 1 Stock Split Newsletter
On January 26th, Comcast Corporation (CMCSA) announced a 2 for 1 split. And Comcast is just what we’re looking for.
Comcast supplies over half of all the broadband connections in the country and over 20% of the pay TV market. This is a BIG business ($180B market cap. While obviously not satisfying my liking for “under the radar” stocks, there are several other criteria that give CMCSA a good score on the 2 for 1 ranking algorithm.
Sales and earnings growth are very healthy for CMCSA, yet its PE ratio is well below that of the telecommunications sector and the overall market. Its dividend yield isn’t overly generous, but it is secure and has been growing at a 20% annual rate for the last five years.
Volatility is only very slightly over that of the overall market. Debt is higher than that for the average 2 for 1 stock but lower than its industry average. In sum, Comcast will be a safe, stable anchor for the 2 for 1 portfolio.
Neil Macneale, 2 for 1 Stock Split Newsletter, www.2-for-1.com, 408-210-6881, February, 2017