Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016

[at Investor’s Business Daily] – Phone company AT&T (T) shed TV subscribers for the first time in 2015, says a Leichtmann Research Group report, but AT&T’s acquisition of satellite broadcaster DirecTV will be a difference maker this … Read more on this. AT&T, Inc. (T) , valued at $235.65B, opened at $38.05. A quick look at the market, the company’s stock traded between $38.00 and $38.41 with a trailing 52-week range being $30.97 to $38.42. 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 15.49x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.04%. According to a consensus of 21 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. The full-year EPS estimate is $2.85 which would be a $0.14 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $41.28 Billion. If realized, that would be a 26.70% 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. When considering if perhaps the stock is under or overvalued, the average price target is $37.67, which is 1.00% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:T): AT&T Inc. Announces Results of Early Tenders and Consents in Exchange Offers Company Update (NYSE:T): AT&T Introduces AT&T Fiber Ready Designation in Georgia Stock Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast Adding More Than 200 Jobs In Connecticut In 2016
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