Market Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $300 Million Over 3-Year Period to Enhance Local Networks in Denver Area

[PR Newswire] – DENVER, May 12, 2016 /PRNewswire/ — At AT&T 1 , we’ve invested nearly $300 million in our Denver wireless networks during 2013-2015. These investments drive upgrades to enhance reliability, coverage, … Read more on this. AT&T, Inc. (T) , valued at $242.82B, started trading this morning at $39.30. Looking at the stock, its one day range is $39.20 to $39.53 with its 52-week range being $30.97 to $39.72. T shares are currently priced at 13.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.51x forward p/e ratio. The company pays shareholders $1.92 per share annually in dividends, yielding 4.94%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.86 is a $0.15 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $40.73 Billion. If realized, 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. With the above information in mind, readers should note that the average price target is $39.55, which is 0.64% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Awarded Contract Worth Up To $74.6 Million to Support U.S. Defense Market Update (NYSE:T): AT&T and Mobilitie Enhance Kentucky Derby Mobile Coverage at Churchill Downs for Fourth Straight Year Market Update: AT&T Inc (NYSE:T) – AT&T Giving Free 48-Inch Samsung TV To New DirecTV And ‘Next’ Customers