Market Update: AT&T Inc (NYSE:T) – How Will AT&T (T) Stock React to Citigroup Trademark Infringement Lawsuit?

[at TheStreet] – AT&T (T) was sued by Citigroup (C) for trademark infringement on Friday over the use of ‘thanks’ and ‘AT&T thanks’ in a new customer loyalty program. Read more on this. AT&T, Inc. (T) , valued at $248.29B, started the session at $39.95. Looking at the stock, its one day range is $39.88 to $40.53 and has traded between $30.97 and $40.53 over the past 12 months. T shares are currently priced at 14.02x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.69x forward p/e ratio. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.82%. 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. Investors should also note that the full-year EPS estimate of $2.86 is a $0.15 better 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 the stock is under or overvalued, the average price target is $39.56, which is 0.98% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: Citigroup Inc (NYSE:C) – No thanks: Citigroup sues AT&T for trademark infringement 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