Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle

[at Investor’s Business Daily] – Sprint (S) has “pulled away” from the prepaid segment of the wireless market, as AT&T and T-Mobile US (TMUS) slug it out in the segment, says Cowen & Co. AT&T (T) has gained share in the prepaid market … Read more on this. AT&T, Inc. (T) , valued at $235.90B, started the session at $38.45. Looking at the stock, its one day range is $38.17 to $38.54 with a one year range of $30.97 to $38.54. T shares are currently priced at 13.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.49x earnings multiple for the same period. 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 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $41.28 Billion. If reported, that would be a 26.70% increase over the year-ago quarter. Recently, Deutsche Bank Initiated T at Buy (Feb 24, 2016). Previously, DA Davidson Initiated T at to Buy. When considering if the stock is under or overvalued, the average price target is $37.67, which is 2.03% 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 Market Update: AT&T Inc (NYSE:T) – AT&T, T-Mobile Step Up Prepaid Wireless Battle Amid Economy Worries
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