Market Update (NYSE:T): AT&T and Mobilitie Enhance Kentucky Derby Mobile Coverage at Churchill Downs for Fourth Straight Year

[PR Newswire] – LOUISVILLE, Ky., April 18, 2016 /PRNewswire/ — When Derby-goers head to Louisville for the highly-anticipated Kentucky Derby they can expect an enhanced AT&T* mobile experience as they share once-in-a-lifetime moments with friends and family. AT&T and Mobilitie have expanded coverage at Churchill Downs by upgrading the Distributed Antenna System (DAS) to improve the customer experience at the venue. “We’re committed to robust investments in our networks all across the Commonwealth, and our network enhancements at Churchill Downs is just one way that we’re investing in the Louisville area.” said Hood Harris, president, AT&T Kentucky. Read more on this. AT&T, Inc. (T) , with a current market cap of $237.62B, opened at $38.57. Today’s price range has been between $38.35 and $38.64 per share with its 52-week range being $30.97 to $39.72. Priced at 13.55x this year’s forecasted earnings, T shares are relatively expensive compared to the industry’s 4.01x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.99%. In a review of the consensus earnings estimate this quarter, 26 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. The full-year EPS estimate is $2.84, which would be a $0.13 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.67 Billion. If reported, that would be a 24.83% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. The average price target for T shares by the analysts covering it is $39.07, which is 1.30% above 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 Market Update: AT&T Inc (NYSE:T) – AT&T, T-Mobile Step Up Prepaid Wireless Battle Amid Economy Worries
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