Market Update: AT&T Inc (NYSE:T) – AT&T Supports Louisiana Storm Relief Efforts With $25,000 Contribution

[PR Newswire] – BATON ROUGE, La., March 18, 2016 /PRNewswire/ — As part of AT&T’s* ongoing efforts to help those affected by recent flooding throughout Louisiana, AT&T made a $25,000 contribution to the American Red Cross to assist its relief and recovery efforts in the region. AT&T is continuously monitoring its Louisiana networks, helping identify and resolve issues so customers are able to seamlessly connect for support and information during their time of need. Read more on this. AT&T, Inc. (T) , with a current value of $239.41B, started the session at $39.22. During today’s session, T traded between $38.90 to $39.26 and has traded between $30.97 and $39.26 over the past year. AT&T (T) shares are currently priced at 13.73x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.48x earnings multiple for the same period. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 4.98%. 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 based on a consensus revenue forecast of the current quarter of $41.27 Billion. If realized, that would be a 26.67% 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 $37.85, which is 3.49% below where the stock opened. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle Market Update: AT&T Inc (NYSE:T) – Analysts Now Showing That AT&T Will Win From Cord-Cutters Stock Update (NYSE:WFC): Wells Fargo Donates $100,000 for Storm Relief Efforts in Texas
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