Market Update: AT&T Inc (NYSE:T) – AT&T Postpaid Phone Subscriber Losing Streak Hits Six Quarters

[at Investor’s Business Daily] – Telecom conglomerate AT&T (T) reported Q1 earnings late Tuesday that topped expectations and in-line revenue, as it had a net loss of postpaid phone subscribers — those billed monthly — for the sixth … Read more on this. AT&T, Inc. (T) , valued at $234.97B, began trading this morning at $37.86. Looking at today’s trading action, the company’s one day range from $37.73 to $38.36 and has traded between $30.97 and $39.72 over the past year. T shares are currently priced at 13.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.26x earnings multiple. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.04%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.00 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 $41.05 Billion. If reported, that would be a 24.32% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. With the above information in mind, readers should note that the average price target is $39.36, which is 3.96% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – AT&T First Quarter Preview: Will Postpaid Phone Subscriber Adds Turn Positive? Market Update: AT&T Inc (NYSE:T) – AT&T Giving Free 48-Inch Samsung TV To New DirecTV And ‘Next’ Customers Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle