Stock Update (NYSE:T): Exclusive – Telefonica eyes AT&T’s $10 billion Latin American TV assets: sources

[Reuters] – AT&T bought the Latin American assets as part of its acquisition of DirecTV last year. The business includes satellite and cable television services in Brazil, Colombia, Venezuela, Argentina and several other countries. Read more on this. AT&T, Inc. (T) , valued at $209.11B, began trading this morning at $33.66. Today, shares have traded between $33.61 and $34.34 per share with a trailing 52-week range being $30.97 to $36.45. AT&T (T) shares are currently priced at 12.70x 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 dividend hunters, 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 $0.01 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 $42.72 Billion. If realized, that would be a 24.04% 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. When considering if perhaps the stock is under or overvalued, the average price target is $37.20, which is 10.52% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:VZ): Exclusive – Verizon launches auction to sell data centres – sources Market Update: Verizon Communications Inc (NYSE:VZ) – Exclusive: Verizon weighing $10 billion sale of enterprise assets – sources Company Update (NYSE:T): AT&T may take $1.1 billion charge on DirecTV’s Venezuela assets
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