Market Update: AT&T Inc (NYSE:T) – AT&T Eyes FirstNet Amid Views Verizon Is Front-Runner

[at Investor’s Business Daily] – AT&T (T) says that it’s interested in bidding for the FirstNet contract — the federal government’s plan to create a nationwide wireless broadband network dedicated to public safety. Some analysts view … Read more on this. AT&T, Inc. (T) , valued at $209.54B, started trading this morning at $33.82. Looking at the equity, the company’s one day range is $33.72 to $34.21 and has traded between $30.97 and $36.45 over the past year. Priced at 12.81x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry’s 23.44x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 5.58%. According to a consensus of 25 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. What we find to be interesting is that the full-year EPS estimate of $2.70 is a $0.19 improvement 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 $42.69 Billion. If realized, that would be a 23.95% increase over the year-ago quarter. Recently, Citigroup upgraded T from Neutral to Buy (Sep 2, 2015). Previously, Buckingham Research Initiated T at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $37.23, which is 10.08% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon’s Wireless Network Ranked #1 for Overall Performance in Alabama by RootMetrics® Stock Update (NYSE:T): U.S. FCC denies new limits on AT&T, Verizon in 2016 auction Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon and VICE Partner to Bring Youth Brand’s Award-Winning Content to Verizon’s Mobile Video Offering
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