Market Update (NYSE:T): Intel, AT&T Set Alliance For High-Altitude Drones

[at Investor’s Business Daily] – AT&T (T) and Intel aren’t waiting for next-generation 5G wireless to make unmanned aerial vehicles — drones — more communications-capable. While drones currently have short-range wireless connectivity, … Read more on this. AT&T, Inc. (T) , with a current market cap of $226.03B, opened at $36.74. Looking at the stock, its one day range is $36.55 to $36.86 with a one year range of $30.97 to $37.12. Priced at 12.83x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry ’s 23.84x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 5.25%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.85, which would be a $0.14 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $41.33 Billion. If reported, that would be a 26.86% increase over the year-ago quarter. In terms of ratings, DA Davidson Initiated T at Buy (Feb 4, 2016). Previously, Citigroup upgraded T from Neutral to Buy. The average price target for T shares by the analysts covering the stock is $37.54, which is 2.18% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel sees its future in sensors, drones, wearables Stock Update (NYSE:T): AT&T Launches High Definition Voice in Mississippi Market Update (NYSE:T): Customers Rate DIRECTV And AT&T U-verse TV And High Speed Internet Highest In Customer Satisfaction In J.D. Power Study