Company Update: AT&T Inc (NYSE:T) – What Are Analysts’ Recommendations for AT&T?

[at Market Realist] – Out of 36 Wall Street recommendations for AT&T, ~47.2% were “buy” recommendations as of June 24, 2016. Read more on this. AT&T, Inc. (T) , with a current market cap of $267.62B, opened this morning at $43.42. Today’s price range has been between $43.01 and $43.55 per share and has traded between $30.97 and $43.55 over the past 12 months. T shares are currently priced at 15.20x 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 annually in dividends, yielding 4.42%. In a review of the consensus earnings estimate this quarter, 25 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. 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 based on a consensus revenue forecast of the current quarter of $40.71 Billion. If realized, that would be a 23.29% increase over the year-ago quarter. Recently, 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 it is $39.85, which is 8.22% below where the stock opened. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): What Are Analysts’ Recommendations for AT&T? Company Update: Verizon Communications Inc (NYSE:VZ) – Analysts’ Recommendations for Verizon Market Update: AT&T Inc (NYSE:T) – Analyst Recommendations for AT&T: ‘Buy’ or ‘Hold’
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