Market Update (NYSE:T): AT&T Contributes $20,000, Employees Pitch in to Help with Clean-Up, Recovery Efforts in West Virginia

[PR Newswire] – CHARLESTON, W.Va., June 30, 2016 /PRNewswire/ — West Virginians are pulling together to help their neighbors whose communities have been ravaged by the recent flooding, and AT&T and its employees are pitching in to help. On Friday, July 1, AT&T employees from the DIRECTV facility in Huntington also are volunteering to help the Facing Hunger Foodbank unpack a tractor trailer full of food, cleaning supplies and other goods at a staging area in Belle, WV. The Women of AT&T DC/VA Chapter, an AT&T employee resource group, donated blankets to VFW Post 3522 in Charles Town, WV. The post will deliver the blankets and other items to the affected areas. Read more on this. AT&T, Inc. (T) , with a current market cap of $266.67B, opened this morning at $42.69. Looking at the stock, its one day range is $42.54 to $43.36 with its 52-week range being $30.97 to $43.36. Priced at 14.87x 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%. 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. 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 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. Given all the information above, we should disclose to readers that the average price target is $39.67, which is 7.07% below than it opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Supports Louisiana Storm Relief Efforts With $25,000 Contribution Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts