Market Update: Citigroup Inc (NYSE:C) – Proud Sponsor of Progress: Citi Teams Up With Eight U.S. Athletes as Part of its Team USA Sponsorship for Rio 2016

[PR Newswire] – NEW YORK, March 21, 2016 /PRNewswire/ — Building on two centuries of supporting progress and the people behind it, Citi ( NYSE:C ) is teaming up with eight world-class American athletes as part of its sponsorship of Team USA for the Rio 2016 Olympic and Paralympic Games. Team Citi includes Olympic and Paralympic champions and hopefuls from a diverse range of sports such as gymnastics, swimming, track and field, beach volleyball and rugby. “At Citi, our mission is to enable progress,” said Citi Chief Brand Officer Dermot Boden, “for those who have aspiration for their communities, their businesses, families and themselves. Citi is there to support them on their journey from ambition to achievement, whether at home or on the global stage. Read more on this. Citigroup Inc. (C) , with a current market cap of $132.68B, opened this morning at $43.43. Shares have traded today between $43.25 and $44.26 per share with a one year range of $34.52 to $60.95. C shares are currently priced at 8.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.30x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 0.46%. According to a consensus of 25 analysts, the earnings estimate of $1.20 per share would be $0.31 worse than the year-ago quarter and a $0.30 sequential decrease. The full-year EPS estimate is $5.06 which would be a $0.29 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.92 Billion. If realized, that would be a 9.54% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded C from Overweight to Neutral (Mar 1, 2016). Previously, Portales Partners upgraded C from Underperform to Sector Perform. The average price target for C shares by the analysts covering it is $56.54, which is 30.19% above where the stock opened. See more in (NYSE:C) Similar Articles: Company Update: Citigroup Inc (NYSE:C) – Ex-Barclays, Citi FX traders sue for unfair dismissal in London Market Update: Citigroup Inc (NYSE:C) – New Yorkers to Use Citi Bikes to “Light Up” Queens and Support the Mets on Their Championship Run Market Update (NYSE:C): Citi and NBC’s TODAY Announce Multi-Year Sponsorship and Launch Citi Concert Series on TODAY