Stock Update: AT&T Inc (NYSE:T) – Can AT&T Climb Any Higher?
February 18, 2016 at 11:17 AM EST
[at TheStreet] – Shares of AT&T remain at an extremely overbought reading despite nearly three weeks of flat action. Read more on this. AT&T, Inc. (T) , valued at $227.61B, started the session at $36.62. Today’s price range has been between $36.51 and $36.95 per share with a trailing 52-week range being $30.97 to $37.12. AT&T (T) shares are currently priced at 12.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 23.84x earnings multiple for the same period. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 5.26%. 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 $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.85 would be a $0.14 improvement when compared to the previous year’s annual results. 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 perhaps the stock is under or overvalued, the average price target is $37.54, which is 2.51% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: AT&T Inc (NYSE:T) – AT&T To See Higher Profit with Subsidy Cut, Says BTIG; Leasing Next? Market Update: AT&T Inc (NYSE:T) – AT&T (T) Stock Rated ‘Buy’ at Nomura Stock Update (NYSE:T): AT&T gets a vote of confidence