Market Update: AT&T Inc (NYSE:T) – Analysts Now Showing That AT&T Will Win From Cord-Cutters

[at 24/7 Wall St.] – AT&T recently announced plans to launch three new over-the-top DirecTV services aimed at the cord-cutters. Read more on this. AT&T, Inc. (T) , valued at $231.21B, opened at $37.22. During the trading session, T traded between $37.11 to $37.59 with its 52-week range being $30.97 to $37.59. T shares are currently priced at 13.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.13x forward p/e ratio. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.17%. Consensus earnings for the current quarter by the 21 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 $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.85, which would be a $0.14 improvement when compared to the last 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 is $37.63, which is 1.10% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – AT&T Launches Next Generation IP Network Service For 9-1-1 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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