Stock Update: AT&T Inc (NYSE:T) – AT&T, Verizon Wireless Q1 Margin Boost Might Last Until iPhone 7

[at Investor’s Business Daily] – Wireless profit margins at AT&T (T) and Verizon Communications (VZ) should improve when they report first-quarter earnings — owing to fewer customers upgrading to new smartphones — a trend that might … Read more on this. AT&T, Inc. (T) , with a current market cap of $236.82B, started trading this morning at $38.73. Looking at the stock, its one day range is $38.37 to $38.90 with a one year range of $30.97 to $39.72. T shares are currently priced at 13.59x this year’s forecasted earnings, which makes them 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%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.84 which would be a $0.13 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $40.82 Billion. If realized, that would be a 25.29% increase over the year-ago quarter. In terms of ratings, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. When considering if the stock is under or overvalued, the average price target is $38.79, which is 0.15% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update: AT&T Inc (NYSE:T) – Despite Near-Term Noise, Wells Fargo Sees Higher Upside in Verizon and AT&T Market Update: AT&T Inc (NYSE:T) – AT&T, T-Mobile Step Up Prepaid Wireless Battle Amid Economy Worries Stock Update (NYSE:VZ): Verizon Wireless customers share more than 68.6 terabytes of wireless data at most connected Super Bowl ever
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