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Company Update (NYSE:T): AT&T Invests Nearly $200 Million Over 3-Year Period to Enhance Local Networks in Memphis Area

[PR Newswire] – MEMPHIS, Tenn., June 14, 2016 /PRNewswire/ — At AT&T1, we’ve invested nearly $200 million in our Memphis area wireless and wired networks during 2013 -2015. In 2015, AT&T made 256 wireless network upgrades in the Memphis area. “Whether you are at home, at the office or on the go, high-speed Internet through wired and wireless networks are essential to our lives today,” said Phil Trenary, president and CEO of the Greater Memphis Chamber. Read more on this. AT&T, Inc. (T) , currently valued at $248.01B, opened at $40.17. During the trading session, T traded between $39.93 to $40.29 with a trailing 52-week range being $30.97 to $40.53. AT&T (T) shares are currently priced at 14.05x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.26x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.76%. 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. What we find to be interesting is 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. The average price target for T shares by the analysts covering the stock is $39.56, which is 1.52% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: AT&T Inc (NYSE:T) – AT&T Invests Nearly $800 Million Over 3-Year Period to Enhance Local Networks in Nevada 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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