Market Update: AT&T Inc (NYSE:T) – AT&T Fiber Reaches More Than 17,000 New Business Customer Locations In Kansas

[PR Newswire] – TOPEKA, Kan., Feb. 5, 2016 /PRNewswire/ — AT&T* today announced that it has added 17,163 additional business customer locations to its fiber network in Kansas since 2012, when the company began its aggressive fiber expansion program. Nationally, the expansion helped extend AT&T’s U.S. fiber network another 76,000 route miles, bringing the total to nearly 500,000 miles and reaching 1 million new business customer locations. “AT&T business fiber’s bandwidth and blazing-fast speeds are helping more Kansas companies than ever successfully compete in a global marketplace,” said Mike Scott, president of AT&T Kansas. Read more on this. AT&T, Inc. (T) , valued at $226.51B, started the session at $36.59. Looking at the stock, its one day range is $36.53 to $37.04 and has traded between $30.97 and $37.04 over the past 12 months. Priced at 12.82x this year’s forecasted earnings, T shares are relatively inexpensive compared to the industry ’s 22.50x forward p/e ratio. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.31%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.85, which would be a $0.14 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $41.33 Billion. If reported, that would be a 26.86% increase over the year-ago quarter. Recently, DA Davidson Initiated T at Buy (Feb 4, 2016). Previously, Citigroup upgraded T from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $37.42, which is 2.27% above than it opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): AT&T Fiber Reaches Over 95,000 New Business Customer Locations In Florida Market Update: AT&T Inc (NYSE:T) – AT&T Commits to Bringing Broadband to 35,000 Rural Homes and Businesses in Kansas Market Update (NYSE:T): AT&T releases new details on its U-Verse GigaPower fiber network service in San Antonio
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