Market Update (NYSE:T): AT&T Strengthens Ties within the Auto Industry; Expands Innovative Options for Connected Car Customers

[PR Newswire] – ATLANTA, May 19, 2016 /PRNewswire/ — AT&T* is working to meet the needs of a growing number of tech savvy car owners looking for the latest in connected car technology. According to a recent study by AT&T and Ericsson, 3 out of 4 consumers consider connected car services an important feature in their next car purchase. Beginning this week, AT&T Unlimited Plan customers may add select connected cars or a ZTE Mobley vehicle Wi-Fi plug-in device to the plan for $40 each month for unlimited data1. Read more on this. AT&T, Inc. (T) , with a current market cap of $234.50B, started the session at $38.27. Looking at the stock, its one day range is $37.77 to $38.29 with a trailing 52-week range being $30.97 to $39.72. T shares are currently priced at 13.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x forward p/e ratio. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.89%. 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. 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 $39.62, which is 3.53% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: AT&T Inc (NYSE:T) – New AT&T Plans Guarantee Pricing for 2 Years; Customers Can Save More Than 40% on a Triple Play Market Update: AT&T Inc (NYSE:T) – AT&T Giving Free 48-Inch Samsung TV To New DirecTV And ‘Next’ Customers Stock Update (NYSE:VZ): Verizon Wireless customers share more than 68.6 terabytes of wireless data at most connected Super Bowl ever