Stock Update (NYSE:T): Some Technical Analysis Can Guide Investors On How To Approach AT&T’s Pullback

[Benzinga] – AT&T Inc. (NYSE: T )’s incredible 2016 bull run may have finally hit a technical bump in the road this week. After peaking as high as $43.40 on Tuesday, the stock has pulled back to around the $42 level … Read more on this. AT&T, Inc. (T) , with a current market cap of $262.33B, began trading this morning at $42.13. Today’s price range has been between $41.70 and $42.69 per share with the price of the stock fluctuating between $30.97 to $43.89 over the last 52 weeks. T shares are currently priced at 14.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.43%. Consensus earnings for the current quarter by the 25 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 predicated on a consensus revenue forecast of $40.71 Billion. If reported, that would be a 23.29% increase over the year-ago quarter. Recently, Citigroup downgraded T from Buy to Neutral (Jul 7, 2016). Previously, Buckingham Research downgraded T from Buy to Neutral. Investors should keep in mind is that the average price target is $39.96, which is 5.15% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – AT&T (T) Stock Price Target Raised at Jefferies Stock Update (NYSE:T): AT&T Stock to Trade Ex-Dividend (T) Stock Update (NYSE:T): AT&T (T) Stock Up, Migrating Most Applications to Cloud in 2016