Company Update (NYSE:T): AT&T Inc. Announces Results of Early Tenders and Consents in Exchange Offers

[Business Wire] – AT&T Inc. announced today that, as of 5:00 p.m. New York City time, on March 3, 2016 , the aggregate principal amounts of each series of notes listed in the table below issued by DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. Read more on this. AT&T, Inc. (T) , with a current market cap of $233.07B, finished at $37.99. Looking at today’s trading action, the company’s one day range from $37.80 to $37.99 and has traded between $30.97 and $38.11 over the past year. AT&T (T) shares are currently priced at 13.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.78x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.20%. 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. What we find to be interesting is that the full-year EPS estimate of $2.85 is a $0.14 improvement 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. In terms of ratings, Deutsche Bank Initiated T at Buy (Feb 24, 2016). Previously, DA Davidson Initiated T at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $37.63, which is 0.95% below where the stock opened this morning. 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 Company Update (NYSE:T): AT&T Introduces AT&T Fiber Ready Designation in Georgia
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