Market Update (NYSE:T): AT&T Stock Trades Ex-Dividend Wednesday (T)

[at Investopedia] – AT&T will send its dividend payment on August 1 to shareholders of record as of July 8. Read more on this. AT&T, Inc. (T) , currently valued at $268.82B, opened at $43.50. Looking at the stock, its one day range is $43.49 to $43.89 and has traded between $30.97 and $43.89 over the past 12 months. T shares are currently priced at 15.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x earnings multiple. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 4.42%. According to a consensus of 25 analysts, the earnings estimate of $0.72 per share would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.86 is a $0.15 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 $40.71 Billion. If realized, that would be a 23.29% increase over the year-ago quarter. Recently, Buckingham Research downgraded T from Buy to Neutral (Jun 24, 2016). Previously, Macquarie Initiated T at to Outperform. With the above information in mind, readers should note that the average price target is $39.79, which is 8.53% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update: AT&T Inc (NYSE:T) – What’s AT&T’s Value Proposition in the Telecom Market? Market Update: AT&T Inc (NYSE:T) – How Will AT&T (T) Stock React to Citigroup Trademark Infringement Lawsuit? Stock Update (NYSE:T): AT&T Stock to Trade Ex-Dividend (T)
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