Company Update: AT&T Inc (NYSE:T) – AT&T Expands Access to Gigabit Speeds to more Businesses in 20 North Carolina Markets

[PR Newswire] – RALEIGH, N.C., June 29, 2016 /PRNewswire/ — AT&T1 is bringing gigabit internet speeds to even more businesses in 20 North Carolina markets. “For years, we have offered business customers gigabit connections, but through AT&T Business Fiber, we are speeding deployment of these high-speed connections to our business customers, offering fast and reliable network solutions to stay connected and competitive,” said Venessa Harrison, president of AT&T North Carolina. Read more on this. AT&T, Inc. (T) , with a current value of $261.25B, opened at $42.22. Looking at the stock, its one day range is $42.08 to $42.45 with a one year range of $30.97 to $42.45. T shares are currently priced at 14.69x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x earnings multiple. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 4.62%. According to a consensus of 25 analysts, the earnings estimate of $0.72 per share 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’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.74 Billion. If reported, that would be a 23.38% increase over the year-ago quarter. In terms of ratings, Buckingham Research downgraded T from Buy to Neutral (Jun 24, 2016). Previously, Macquarie Initiated T at to Outperform. The average price target for T shares by the analysts covering the stock is $39.67, which is 6.04% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: AT&T Inc (NYSE:T) – AT&T Expands Access to Gigabit Speeds to more Businesses in 17 South Carolina Markets Market Update (NYSE:T): Ultra-Fast AT&T Gigabit Internet Speeds Spread Quickly Across North Carolina in the First 18 Months Stock Update (NASDAQ:CMCSA): Comcast Business Expands High-Performance Communications Network to More Local Businesses in North Salt Lake, Utah
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