Company Update (NYSE:T): AT&T (T) Stock Rises on New Unlimited Data Plan

[at TheStreet] – AT&T (T) stock is increasing in mid-morning trading on Monday after the company unveiled a new unlimited wireless data offer for its new and existing TV subscribers. Read more on this. AT&T, Inc. (T) , currently valued at $207.25B, began trading this morning at $33.76. Looking at today’s market, T one day range is $33.53 to $33.85 with a trailing 52-week range being $30.97 to $36.45. AT&T (T) shares are currently priced at 12.42x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.45x earnings multiple for the same period. 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%. 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. The full-year EPS estimate is $2.70 which would be a $0.19 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.70 Billion. If realized, that would be a 23.98% 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. With the above information in mind, readers should note that the average price target is $37.16, which is 10.07% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): Mobile Users Have Access to New Data Perks, Brought to You by AT&T and Aquto Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock Gains on Unlimited Data Plan Hike Stock Update (NYSE:TWC): Unlimited Calling to 29 European Countries Now Included in Time Warner Cable Phone Unlimited Calling Plan
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