Market Update: AT&T Inc (NYSE:T) – AT&T Fires Back On 5G Amid Verizon Push, Touts 5G To Homes

[at Investor’s Business Daily] – Aiming to grab some 5G limelight back from Verizon Communications (VZ), AT&T (T) announced on Friday plans for trials of next-generation 5G wireless technology in 2016 and, in a surprise, touted 5G services … Read more on this. AT&T, Inc. (T) , currently valued at $224.18B, opened at $36.35. Looking at today’s market, T one day range is $36.05 to $36.46 with a trailing 52-week range being $30.97 to $37.12. AT&T (T) shares are currently priced at 12.71x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.33x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.27%. According to a consensus of 20 analysts, the earnings estimate of $0.69 per share 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 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $41.33 Billion. If realized, that would be a 26.86% increase over the year-ago quarter. In terms of ratings, DA Davidson Initiated T at Buy (Feb 4, 2016). Previously, Citigroup upgraded T from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $37.42, which is 2.94% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Eyes FirstNet Amid Views Verizon Is Front-Runner 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 Commits to Bringing Broadband to more than 37,000 Rural Homes and Businesses in Ohio
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