Company Update: AT&T Inc (NYSE:T) – AT&T Expands Access to Gigabit Speeds to more Businesses in 17 South Carolina Markets
June 27, 2016 at 09:30 AM EDT
[PR Newswire] – COLUMBIA, S.C., June 27, 2016 /PRNewswire/ — AT&T1 is bringing gigabit internet speeds to even more businesses in 17 South Carolina markets. AT&T invested more than $800 million in our South Carolina wireless and wireline networks from 2013 through 2015. Read more on this. AT&T, Inc. (T) , currently valued at $258.08B, started the session at $41.29. During today’s session, T traded between $41.29 to $42.05 with a trailing 52-week range being $30.97 to $42.23. Priced at 14.52x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 21.24x forward p/e ratio. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.62%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.86, which would be a $0.15 better than last year. 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. More recently, Buckingham Research downgraded T from Buy to Neutral (Jun 24, 2016). Previously, Macquarie Initiated T at to Outperform. With the above information in mind, readers should note that the average price target is $39.46, which is 4.43% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): Ultra-Fast AT&T Gigabit Internet Speeds Spread Quickly Across North Carolina in the First 18 Months Market Update (NYSE:T): AT&T Strengthens Ties within the Auto Industry; Expands Innovative Options for Connected Car Customers Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon customers in South Carolina are the real winners in newest RootMetrics® wireless network performance report
