Company Update (NYSE:T): AutoZone Inks Agreement With AT&T For Integrated Solutions

[PR Newswire] – AutoZone, the nation ’s leading retailer and a leading distributor of auto parts and accessories, turned to one of the nation ’s top full-scale integrated solutions providers for a suite of mobile and broadband solutions for its U.S. stores, call centers, and back-end offices. AT&T will deliver seamless connectivity with voice, Internet and mobility solutions that keep business operations running smoothly and improve customer satisfaction. “We’re always looking for ways to make our business more efficient and better serve our customers,” said Bill Rhodes, chairman, president & CEO, AutoZone. AT&T’s fast and reliable network in U.S. and Mexico retail locations that will provide robust network reporting capabilities. Read more on this. AT&T, Inc. (T) , valued at $215.29B, started trading this morning at $35.19. Looking at the stock, its one day range is $34.77 to $35.20 with a one year range of $30.97 to $36.45. T shares are currently priced at 13.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.54x forward p/e ratio. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 5.46%. Consensus earnings for the current quarter by the 24 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 $0.00 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. When considering if perhaps the stock is under or overvalued, the average price target is $37.13, which is 5.51% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:T): AT&T Signs Agreement With Entertainment Studios, New Networks to Be Added to Both U-verse and DIRECTV Platforms Stock Update (NYSE:T): AT&T Launches High Definition Voice in Mississippi Market Update (NYSE:T): AT&T Government Solutions To Help FEMA Modernize Communications For Its Claims Centers
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