Company Update: AT&T Inc (NYSE:T) – AT&T Continues as Integrated Solutions Provider to NBC Olympics for Rio 2016 Games

[PR Newswire] – STAMFORD, Conn., April 14, 2016 /PRNewswire/ — NBC Olympics, a division of the NBC Sports Group, will again utilize AT&T* networking services and integrated solutions for its production of the Games of the XXXI Olympiad in Rio de Janeiro, Brazil, August 5-21. AT&T’s work with NBC Olympics is in addition to AT&T’s ongoing support and sponsorship of the United States Olympic Committee. Since 1984, AT&T has worked with Team USA and Olympic and Paralympic hopefuls to keep them connected to coaches, family, friends and fans as they train and compete around the world. Read more on this. AT&T, Inc. (T) , currently valued at $236.88B, started trading this morning at $38.25. During the trading session, T traded between $38.24 to $38.58 and has traded between $30.97 and $39.72 over the past year. T shares are currently priced at 13.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.61x earnings multiple. The company pays shareholders $1.92 per share annually in dividends, yielding 4.99%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $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 $2.84 which would be a $0.13 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.68 Billion. If reported, that would be a 24.86% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. The average price target for T shares by the analysts covering the stock is $38.93, which is 1.78% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): AT&T to Release First-Quarter 2016 Earnings April 26, 2016 Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016 Company Update (NYSE:T): AutoZone Inks Agreement With AT&T For Integrated Solutions