Market Update: AT&T Inc (NYSE:T) – AT&T, T-Mobile Step Up Prepaid Wireless Battle Amid Economy Worries

[at Investor’s Business Daily] – The one-fifth of U.S. mobile phone users that buy prepaid wireless services stand to get much better data deals as AT&T (T), T-Mobile US (TMUS), and Sprint slug it out. “The prepaid market is heating up … Read more on this. AT&T, Inc. (T) , valued at $226.00B, opened this morning at $36.82. During today’s session, T traded between $36.51 to $36.91 with the price of the stock fluctuating between $30.97 to $37.12 over the last 52 weeks. AT&T (T) shares are currently priced at 12.93x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 23.84x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.25%. According to a consensus of 20 analysts, the earnings estimate of $0.69 per share would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $2.85 is a $0.14 better when compared to the previous year’s annual results. 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. Recently, 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 1.96% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): Intel, AT&T Set Alliance For High-Altitude Drones Market Update: AT&T Inc (NYSE:T) – AT&T Fires Back On 5G Amid Verizon Push, Touts 5G To Homes Market Update (NYSE:VZ): Introducing the LG Optimus Zone 3 on Verizon’s simplified prepaid plan