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Last $59.64 USD
Change Today +0.41 / 0.69%
Volume 44.4M
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

comcast corp-class a (CMCSA) Key Developments

Charter Reportedly Eyes Time Warner

Charter Communications, Inc. (NasdaqGS:CHTR) is exploring a bid for Time Warner Cable Inc. (NYSE:TWC), according to people familiar with the matter. Charter could approach Time Warner Cable with a proposal soon, the people added. Time Warner Cable Chief Executive, Rob Marcus, declined to disclose what price Time Warner Cable would ask for in any approach from Charter. People close to Charter confirmed that they will have to come up with a better offer than what they presented to Time Warner Cable more than a year ago, given that Time Warner Cable’s operations have improved and both companies’ stock prices have climbed. Charter is unlikely to make a hostile bid, according to one of the people. Advisers for Charter have reached out to Time Warner to begin friendly talks on an acquisition after Comcast Corp. withdrew its bid for the company, people with knowledge of the matter said.

Comcast Names Jeff Buzzelli as Senior Vice President of its Comcast Business for Central Division

Comcast said that Jeff Buzzelli has been named senior vice president of Comcast Business for the company's Central Division, which is headquartered in Atlanta. In this role, Buzzelli will be directly responsible for developing, facilitating and implementing strategies aimed at growing Comcast Business across 17 states from Michigan to Florida. As an executive with two decades of experience in the telecommunications industry, Buzzelli was most recently senior vice president of Comcast Business for the company's Northeast Division, where he led a team that delivered revenue growth of more than 25% the past three years and led to growth of 500,000+ data customers.

Comcast Corporation to Launch Extreme 250

Comcast Corporation announced it will launch Extreme 250, a new 250 Mbps Internet speed tier for California customers. The company also will increase its Performance tier from 50 Mbps to 75 Mbps and its Blast tier from 105 Mbps to 150 Mbps, both at no additional cost to customers. These changes will all go into effect starting in May and continue throughout the year. In addition, Comcast will roll out its residential multi-gigabit broadband service to nearly three million California homes starting in June. Gigabit Pro is a symmetrical, 2 Gigabit-per-second service that will be delivered via a fiber-to-the-home solution and offered to customers in the Chico, Fresno, Marysville/Yuba City, Merced, Modesto, Monterey, Sacramento, Salinas, San Francisco Bay Area, Santa Barbara County, Stockton and Visalia metro areas. Gigabit Pro will be available to homes within close proximity of Comcast's fiber network and will require installation of professional-grade equipment. The company has fiber at the core of its network and, for the past decade, it has invested billions of dollars to extend that fiber deeper into neighborhoods and closer to homes. Comcast has been doubling the capacity of its network every 18 months. Additionally, the company has been delivering multi-gig (up to 10 Gbps) Ethernet service to businesses in California since 2011.

Atlanta Hawks Selects Comcast Corporation's Business to Upgrade Services at Philips Arena

Comcast Corporation reported the Hawks will move away from managing multiple vendors for different services and instead consolidate their data, voice and video services under Comcast Business. The new agreement calls for a new, high-capacity Internet connection and faster speeds. the Hawks needed a reliable, high capacity Internet connection that could support the needs of Philips Arena on game night, along with local and national basketball media using the Internet to file stories and blog posts, send photos and videos, and update fans on social media. To deliver the bandwidth needed, the Atlanta Hawks turned to Comcast Business for a 100 Mbps Ethernet Dedicated Internet connection over fiber to Philips Arena. In addition to Ethernet, Comcast Business is providing PRI Trunks over fiber and Comcast Business TV.

Comcast Names Jeff Buzzelli as Senior Vice President of Comcast Business for Central Division

Comcast announced that Jeff Buzzelli has been named senior vice president of Comcast Business for the company's Central Division, headquartered in Atlanta. In this role, Buzzelli will be directly responsible for developing, facilitating and implementing strategies aimed at growing Comcast Business across 17 states from Michigan to Florida. As a seasoned executive with two decades of experience in the telecommunications industry, Buzzelli was most recently senior vice president of Comcast Business for the company's Northeast Division, where he led a team that delivered revenue growth of more than 25% the past three years and led to growth of 500,000+ data customers.

 

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CMCSA

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Valuation CMCSA Industry Range
Price/Earnings 18.6x
Price/Sales 2.2x
Price/Book 2.9x
Price/Cash Flow 7.7x
TEV/Sales 1.1x
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