Company Update (NYSE:T): AT&T Brings Faster Network To Cincinnati

[PR Newswire] – “This investment by AT&T in the Cincinnati area – particularly an improvement like this, that impacts so many of their area cell sites all at once – supports residents and businesses who depend on quick and efficient mobile Internet access to thrive in our fast-paced and globalized world,” said Bill Seitz, State Senator. AT&T invested more than $1.6 billion in its Ohio networks from 2012 through 2014. * AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Read more on this. AT&T, Inc. (T) , valued at $210.42B, began trading this morning at $33.88. Looking at today’s trading action, the company’s one day range from $33.75 to $34.22 with a trailing 52-week range being $30.97 to $36.45. T shares are currently priced at 12.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.45x earnings multiple for the same period. The company pays shareholders $1.92 per share annually in dividends, yielding 5.72%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.08 better than the year-ago quarter and a $0.01 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 $42.75 Billion. If reported, that would be a 24.13% increase over the year-ago quarter. In terms of ratings, 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 $37.20, which is 9.80% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): AT&T releases new details on its U-Verse GigaPower fiber network service in San Antonio Market Update: AT&T Inc (NYSE:T) – Marriott International Selects AT&T As A Preferred Network And Advanced Services Provider Company Update (NYSE:T): North Carolina Next Generation Network And AT&T Establish Technology Innovation Panel
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