Skip to main content

Market Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $175 Million Over 3-Year Period to Enhance Local Networks in the Minneapolis-St. Paul Area

[PR Newswire] – MINNEAPOLIS, May 25, 2016 /PRNewswire/ — At AT&T1, we’ve invested nearly $175 million in our Minneapolis-St. Paul area wireless and wired networks during 2013-2015. In 2015, AT&T made 267 wireless network upgrades in the Minneapolis-St. Paul metropolitan area. 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 in the world. Read more on this. AT&T, Inc. (T) , valued at $237.82B, started the session at $38.67. Shares have traded today between $38.45 and $38.72 per share with its 52-week range being $30.97 to $39.72. T shares are currently priced at 13.46x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.72x earnings multiple. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.01%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.72 per share, which 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 $40.75 Billion. If reported, that would be a 23.41% increase over the year-ago quarter. Recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. The average price target for T shares is $39.57, which is 2.33% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: 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 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 Market Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $300 Million Over 3-Year Period to Enhance Local Networks in Denver Area
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.