Stock Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $30 Million Over 3-Year Period to Enhance Local Networks in Santa Barbara Area
May 24, 2016 at 20:11 PM EDT
[PR Newswire] – SANTA BARBARA, Calif., May 24, 2016 /PRNewswire/ — At AT&T1, we’ve invested nearly $30 million in our Santa Barbara wireless and wired networks during 2013-2015. All other marks contained herein are the property of their respective owners. Read more on this. AT&T, Inc. (T) , with a current market cap of $237.02B, opened this morning at $38.46. Looking at today’s market, T one day range is $38.39 to $38.56 with a trailing 52-week range being $30.97 to $39.72. Priced at 13.40x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 18.72x forward p/e ratio. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.01%. Consensus earnings for the current quarter by the 23 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. In looking at the bigger picture, the full-year EPS estimate of $2.86 would be a $0.15 better when compared to the previous year’s annual results. 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. The average price target for T shares by the analysts covering it is $39.57, which is 2.89% above where the stock opened. See more in (NYSE:T) Similar Articles: 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 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
