Market Update (NYSE:T): AT&T Provides Valuable Insights For Businesses Looking To Tap Into The Power Of The Internet Of Things

[PR Newswire] – DALLAS, Jan. 4, 2016 /PRNewswire/ — AT&T has created a new report to share how businesses can best use the Internet of Things (IoT). The report provides meaningful data on how connected devices can help cut costs, grow revenues, boost efficiency and satisfy customers. The report, The Right Information Can Change the World, explains the opportunity for businesses as millions of connected devices and processes join the IoT. Read more on this. AT&T, Inc. (T) , with a current market cap of $210.15B, started trading this morning at $34.06. Today’s price range has been between $34.00 and $34.24 per share and has traded between $30.97 and $36.45 over the past year. T shares are currently priced at 12.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.38x forward p/e ratio. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 5.58%. In a review of the consensus earnings estimate this quarter, 25 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.70, which would be a $0.19 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.71 Billion. If realized, that would be a 24.01% 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. Investors should keep in mind is that the average price target is $37.16, which is 9.10% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Commits to Bringing Broadband to 35,000 Rural Homes and Businesses in Kansas Market Update (NYSE:T): Customers Rate DIRECTV And AT&T U-verse TV And High Speed Internet Highest In Customer Satisfaction In J.D. Power Study Market Update (NYSE:T): AT&T Commits to Bringing Broadband to more than 37,000 Rural Homes and Businesses in Ohio
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