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Company Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $800 Million Over 3-Year Period to Enhance Local Networks in Nevada

[PR Newswire] – CARSON CITY, Nev., June 2, 2016 /PRNewswire/ — At AT&T1, we’ve invested nearly $800 million in our Nevada wireless and wired networks during 2013-2015. “As we continue to build the new Nevada, we must have 21st century infrastructure to serve our residents and businesses. It is imperative we have companies that invest through thoughtful and strategic innovation,” said Governor Brian Sandoval. “I am encouraged that AT&T continues to make on-going, large investments in its fast, reliable network. In 2015, AT&T made more than 230 wireless network upgrades in Nevada, including new cell sites, LTE upgrades and the addition of network capacity. Read more on this. AT&T, Inc. (T) , valued at $237.76B, started trading this morning at $38.73. Looking at the stock, its one day range is $38.58 to $38.78 with a trailing 52-week range being $30.97 to $39.72. T shares are currently priced at 13.54x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.56x forward p/e ratio. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.90%. 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. In terms of ratings, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. Given all the information above, we should disclose to readers that the average price target is $39.57, which is 2.17% above than it opened this morning. See more in (NYSE:T) Similar Articles: 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 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
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