Stock Update: AT&T Inc (NYSE:T) – AT&T Invests More Than $50 Million Over 3-Year Period to Enhance Networks in Martin, St. Lucie Counties

[PR Newswire] – In 2015, AT&T added extra capacity to several cell sites in Port St. Lucie, Fort Pierce, Palm City, Stuart, and Hobe Sound. In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. This is our third year in a row on the Top 50 list – AT&T is the only communications company on the list. Read more on this. AT&T, Inc. (T) , with a current value of $241.25B, began trading this morning at $38.95. During today’s session, T traded between $38.90 to $39.22 with its 52-week range being $30.97 to $39.72. AT&T (T) shares are currently priced at 13.69x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x earnings multiple for the same period. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.90%. According to a consensus of 24 analysts, the earnings estimate of $0.72 per share would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.86, which would be a $0.15 improvement when compared to the last year’s annual results. 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. In terms of ratings, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. The average price target for T shares is $39.55, which is 1.54% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $300 Million Over 3-Year Period to Enhance Local Networks in Denver Area 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