Stock Update: AT&T Inc (NYSE:T) – National Mall, Downtown DC Benefit from AT&T Network Upgrades

[PR Newswire] – WASHINGTON, May 23, 2016 /PRNewswire/ — As part of AT&T1’s ongoing efforts to provide an outstanding experience for customers in Washington, DC – including the 24 million annual visitors to the National Mall – the company announced wireless and wired network investments of more than $200 million in the District of Columbia from 2013-2015. These investments drive a wide range of upgrades to reliability, coverage, speed and overall performance for residents and businesses. By the 2017 Presidential Inauguration, the company will have more than doubled wireless network capacity on the National Mall over the past year. Permanent solutions already in place such as antenna upgrades and cell site modifications will increase both the volume and speed of mobile traffic carried on the network. AT&T has also installed or upgraded more than 20 in-building systems in the area including in museums, government buildings and key hotels and conference centers. These investments will remain in place long after the Inaugural festivities and will benefit residents and visitors for years to come. Read more on this. AT&T, Inc. (T) , with a current market cap of $236.38B, began trading this morning at $38.49. Looking at today’s market, T one day range is $38.31 to $38.51 and has traded between $30.97 and $39.72 over the past year. Priced at 13.44x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 18.72x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 4.99%. According to a consensus of 23 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. 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 $40.75 Billion. If reported, that would be a 23.41% 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 $39.57, which is 2.81% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): AT&T Stock to Trade Ex-Dividend (T) Stock Update (NYSE:T): AT&T (T) Stock Up, Migrating Most Applications to Cloud in 2016 Market Update: AT&T Inc (NYSE:T) – AT&T Launches Next Generation IP Network Service For 9-1-1