Stock Update: AT&T Inc (NYSE:T) – Defense Information Systems Agency Awards Global Networking Contract To AT&T

[PR Newswire] – VIENNA, Va., March 1, 2016 /PRNewswire/ — AT&T* has been awarded a position on the Defense Information Systems Agency’s (DISA) Global Networking Services (GNS) contract. The award lets AT&T bid on and provide communications services to support GNS. DISA plans to spend $4.3 billion over 10 years to build a single global network that will work 10x faster than today’s. Read more on this. AT&T, Inc. (T) , valued at $228.36B, began trading this morning at $37.10. Looking at the equity, the company’s one day range is $37.10 to $37.28 with the price of the stock fluctuating between $30.97 to $37.50 over the last 52 weeks. T shares are currently priced at 12.96x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.13x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.17%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $2.85 is a $0.14 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $41.31 Billion. If reported, that would be a 26.80% increase over the year-ago quarter. More recently, Deutsche Bank Initiated T at Buy (Feb 24, 2016). Previously, DA Davidson Initiated T at to Buy. The average price target for T shares by the analysts covering the stock is $37.63, which is 1.43% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – Decatur County Industrial Parks Designated As AT&T Fiber Ready Market Update: AT&T Inc (NYSE:T) – AT&T, T-Mobile Step Up Prepaid Wireless Battle Amid Economy Worries Market Update (NYSE:T): Intel, AT&T Set Alliance For High-Altitude Drones
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