Stock Update: AT&T Inc (NYSE:T) – AT&T (T) Stock Price Target Raised at Jefferies

[at TheStreet] – AT&T (T) stock price target was upped to $44 at Jefferies as analysts believe first quarter earnings estimates may prove conservative. Read more on this. AT&T, Inc. (T) , with a current value of $237.38B, began trading this morning at $38.35. During today’s session, T traded between $38.22 to $38.61 and has traded between $30.97 and $39.72 over the past year. Priced at 13.61x this year’s forecasted earnings, T shares are relatively expensive compared to the industry’s 4.29x forward p/e ratio. The company pays shareholders $1.92 per share annually in dividends, yielding 4.90%. According to a consensus of 25 analysts, the earnings estimate of $0.69 per share would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.84 is a $0.13 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 $40.88 Billion. If realized, that would be a 25.48% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. Given all the information above, we should disclose to readers that the average price target is $38.64, which is 0.76% above than it opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): AT&T Stock to Trade Ex-Dividend (T) Company Update (NYSE:ACN): Accenture (ACN) Stock Price Target Raised at Barclays Stock Update (NYSE:T): AT&T (T) Stock Up, Migrating Most Applications to Cloud in 2016
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