Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T)

[at Investopedia] – Netflix wanted to “protect consumers from exceeding mobile data caps,” which it says may discourage future viewing. Read more on this. Netflix, Inc. (NFLX) , valued at $42.96B, began trading this morning at $98.24. During today’s session, NFLX traded between $97.84 to $101.06 with a trailing 52-week range being $58.46 to $133.27. Netflix (NFLX) shares are currently priced at 378.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.08x earnings multiple for the same period. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $0.26 which would be a $0.02 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.97 Billion. If realized, that would be a 25.48% increase over the year-ago quarter. More recently, FBR Capital downgraded NFLX from Outperform to Mkt Perform (Feb 12, 2016). Previously, Piper Jaffray upgraded NFLX from Neutral to Overweight. The average price target for NFLX shares is $124.95, which is 27.19% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] Smartphone Stars: Netflix, Facebook and Alphabet Market Update: Netflix Inc (NASDAQ:NFLX) – Netflix global push grabs more customers Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage?