Market Update (NYSE:T): Mt. Sterling Industrial Park Designated As AT&T Fiber Ready

[PR Newswire] – STERLING, Ky., Dec. 16, 2015 /PRNewswire/ — As part of AT&T’s continuing efforts to drive economic development and investment in Kentucky, representatives from AT&T, local leadership, and the Mt. Sterling-Montgomery County Industrial Authority today announced that the Mt. Sterling Industrial Park has been designated AT&T Fiber Ready. In today’s world, connectivity is vital to employers and businesses of every type. “The effort to attract new businesses to communities – especially in rural areas – is increasingly competitive, and as we work to continue improving the business-friendly environment in the Commonwealth, the AT&T Fiber Ready designation provides the opportunity to clearly show the presence of modern communications services,” said State Senator Ralph Alvarado. Read more on this. AT&T, Inc. (T) , valued at $211.78B, opened this morning at $33.93. Today, shares have traded between $33.90 and $34.48 per share with a trailing 52-week range being $30.97 to $36.45. AT&T (T) shares are currently priced at 12.52x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.36x earnings multiple for the same period. The company pays shareholders $1.88 per share in dividend income per year, for a current yield of 5.67%. According to a consensus of 23 analysts, the earnings estimate of $0.63 per share would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.70 is a $0.19 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.75 Billion. If reported, that would be a 24.13% increase over the year-ago quarter. More recently, Citigroup upgraded T from Neutral to Buy (Sep 2, 2015). Previously, Buckingham Research Initiated T at to Buy. The average price target for T shares is $37.12, which is 9.40% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: AT&T Inc (NYSE:T) – Two Hopkins County Industrial Parks Designated As AT&T Fiber Ready Market Update (NYSE:T): AT&T releases new details on its U-Verse GigaPower fiber network service in San Antonio Stock Update (NYSE:T): 4-Star Industrial Park Designated As AT&T Fiber Ready
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