Market Update (NYSE:T): AT&T plans to sell linear TV ads using Web-like methods

[at MarketWatch] – Through a partnership with the ad technology firm Videology, AT&T plans to introduce what it’s referring to as a “private marketplace” for a select group of advertisers. Read more on this. AT&T, Inc. (T) , with a current market cap of $233.16B, started the session at $37.69. Today, shares have traded between $37.49 and $37.95 per share and has traded between $30.97 and $37.95 over the past year. T shares are currently priced at 13.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.13x earnings multiple. And for income investors, 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. 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 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 it is $37.63, which is 0.16% below where the stock opened. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – Analysts Now Showing That AT&T Will Win From Cord-Cutters 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
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