Market Update: AT&T Inc (NYSE:T) – AT&T Adopts Proxy Access

[Business Wire] – AT&T Inc. today amended its bylaws to permit eligible stockholders to nominate director candidates for inclusion on the company’s proxy card. Read more on this. AT&T, Inc. (T) , currently valued at $206.71B, began trading this morning at $33.85. Looking at the equity, the company’s one day range is $33.60 to $34.00 and has traded between $30.97 and $36.45 over the past year. AT&T (T) shares are currently priced at 12.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.36x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.88 per share annually in dividends, yielding 5.56%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.63 per share, which would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.70, which would be a $0.19 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.74 Billion. If reported, that would be a 24.10% 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. Given all the information above, we should disclose to readers that the average price target is $37.04, which is 9.42% above than it opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:KMB): Kimberly-Clark Adopts Proxy Access By-Law Amendments Stock Update: American International Group Inc (NYSE:AIG) – AIG Adopts Proxy Access Stock Update (NYSE:T): FCC targets AT&T, others in special access market probe after complaints from Sprint, competitors
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