Market Update (NYSE:T): AT&T Mobility, CWA Reach Tentative Agreement On Benefits

[PR Newswire] – DALLAS, June 7, 2016 /PRNewswire/ — AT&T* announced today that AT&T Mobility has reached a tentative agreement with the Communications Workers of America in benefits negotiations covering all CWA-represented Mobility employees nationwide – more than 40,000 employees. Out of respect for union membership, AT&T will not comment on details of the tentative agreement until it has been presented by CWA leadership to the members for a vote. *AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Read more on this. AT&T, Inc. (T) , valued at $244.97B, started the session at $39.37. Looking at today’s market, T one day range is $39.33 to $39.89 and has traded between $30.97 and $39.89 over the past 12 months. T shares are currently priced at 13.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.69x earnings multiple for the same period. The company pays shareholders $1.92 per share annually in dividends, yielding 4.90%. 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. What we find to be interesting is that the full-year EPS estimate of $2.86 is a $0.15 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $40.75 Billion. If realized, 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. When considering if perhaps the stock is under or overvalued, the average price target is $39.57, which is 0.51% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Giving Free 48-Inch Samsung TV To New DirecTV And ‘Next’ Customers Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle Market Update: AT&T Inc (NYSE:T) – Analysts Now Showing That AT&T Will Win From Cord-Cutters