Market Update: AT&T Inc (NYSE:T) – AT&T Awarded Contract Worth Up To $74.6 Million to Support U.S. Defense

[PR Newswire] – VIENNA, Va., May 11, 2016 /PRNewswire/ — AT&T* is the sole awardee of a contract worth up to $74.6 million over five years, if all options are exercised, from the Defense Information Systems Agency. AT&T will provide highly secure telecom services that support U.S. senior leadership communications between select Department of Defense aircraft and ground stations across the continental U.S. and around the world. “We’re proud to provide communications services to help defend our country,” said Kay Kapoor, president, AT&T Global Business – Public Sector Solutions. Read more on this. AT&T, Inc. (T) , valued at $241.19B, began trading this morning at $39.27. Looking at today’s market, T one day range is $39.15 to $39.35 and has traded between $30.97 and $39.72 over the past year. Priced at 13.74x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 18.71x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.92%. In a review of the consensus earnings estimate this quarter, 24 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 $2.86, which would be a $0.15 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.73 Billion. If reported, that would be a 23.35% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. Investors should keep in mind is that the average price target is $39.55, which is 0.71% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – Defense Information Systems Agency Awards Global Networking Contract To AT&T Stock Update (NYSE:ACN): Accenture Awarded SEC.gov Website Support Services Contract Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $80 Million U.S. Air Force Contract to Support NORAD and PACAF Communications