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Market Update: AT&T Inc (NYSE:T) – AT&T Invests More Than $70 Million Over 3-Year Period to Enhance Local Networks in North Dakota

[PR Newswire] – BISMARCK, N.D., May 18, 2016 /PRNewswire/ — At AT&T1, we’ve invested more than $70 million in our North Dakota wireless and wired networks during 2013-2015. In 2015, AT&T made 34 wireless network upgrades in North Dakota. In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. We also placed #48 among the Top 50 World’s Most Admired companies. Read more on this. AT&T, Inc. (T) , currently valued at $236.22B, began trading this morning at $39.09. Looking at the equity, the company’s one day range is $38.27 to $39.15 and has traded between $30.97 and $39.72 over the past 12 months. T shares are currently priced at 13.67x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x earnings multiple. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.90%. 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. Investors should also note that the full-year EPS estimate of $2.86 is a $0.15 better 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. 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 by the analysts covering it is $39.62, which is 1.36% above where the stock opened. See more in (NYSE:T) Similar Articles: 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 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 (NYSE:T): AT&T and Mobilitie Enhance Kentucky Derby Mobile Coverage at Churchill Downs for Fourth Straight Year
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