Stock Update (NYSE:T): AT&T Selected To Help Federal Communications Commission Use Cloud Technologies

[PR Newswire] – VIENNA, Va., Jan. 12, 2016 /PRNewswire/ — AT&T* Corp. will help the Federal Communications Commission (FCC) transform its business with cloud services. Under the terms of a 5-year agreement, AT&T will provide the FCC a cost-effective IP solution that will support mobile and cloud-based applications. The service will link a number of offices and data centers and let the FCC change network and Internet needs on demand. Read more on this. AT&T, Inc. (T) , currently valued at $208.92B, opened this morning at $34.10. Today’s price range has been between $33.85 and $34.19 per share with the price of the stock fluctuating between $30.97 to $36.45 over the last 52 weeks. T shares are currently priced at 12.57x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.45x 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 5.72%. 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. 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 predicated on a consensus revenue forecast of $42.70 Billion. If reported, that would be a 23.98% 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. The average price target for T shares is $37.16, which is 8.97% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:CTL): CenturyLink selected to provide statewide voice service for the Texas Health and Human Services Commission Market Update: AT&T Inc (NYSE:T) – AT&T, CenturyLink snag federal funds to expand Internet in N.C. Market Update: AT&T Inc (NYSE:T) – AT&T To Bring New Cloud-Based Emergency Communications To State Of Kansas
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