Market Update (NYSE:T): Ultra-Fast AT&T Gigabit Internet Speeds Spread Quickly Across North Carolina in the First 18 Months

[PR Newswire] – CHARLOTTE, N.C., June 16, 2016 /PRNewswire/ — AT&T1 now offers ultra-fast internet service up to 1 gigabit per second over our 100% fiber network to hundreds of thousands of homes, apartments and small businesses across North Carolina. Some of the fastest growing apartment communities in the U.S. are located in North Carolina – Charlotte, Greensboro, Raleigh-Durham and Winston-Salem. From 2013 through 2015, AT&T invested more than $1.65 billion in its wireline and wireless networks in North Carolina. Read more on this. AT&T, Inc. (T) , with a current market cap of $248.84B, opened at $40.20. Looking at the equity, the company’s one day range is $40.14 to $40.48 with the price of the stock fluctuating between $30.97 to $40.57 over the last 52 weeks. AT&T (T) shares are currently priced at 14.09x 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 income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.76%. 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. The full-year EPS estimate is $2.86 which would be a $0.15 improvement than last year’s full-year earnings. 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 is $39.56, which is 1.59% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – Why Is AT&T Interested In Yahoo’s Internet Assets? 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 (NYSE:T): SigFox ‘Internet of Things’ Plan Challenges AT&T, Verizon, T-Mobile
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