Market Update (NYSE:T): AT&T and Squadle Simplify Restaurant Management Using IoT Innovation

[PR Newswire] – DALLAS, July 11, 2016 /PRNewswire/ — AT&T* will provide connectivity for Squadle’s service management solution, Squadle Checklists. The AT&T mobile network with its Internet of Things (IoT) platform, AT&T Control Center, will make it possible. This connected solution replaces that outdated and potentially inaccurate method,” said Le Zhang, founder and CEO, Squadle. Read more on this. AT&T, Inc. (T) , valued at $260.23B, opened at $42.47. Looking at the equity, the company’s one day range is $42.21 to $42.50 with the price of the stock fluctuating between $30.97 to $43.89 over the last 52 weeks. AT&T (T) shares are currently priced at 14.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.97x earnings multiple for the same period. The company pays shareholders $1.92 per share annually in dividends, yielding 4.51%. 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. The full-year EPS estimate is $2.86, which would be a $0.15 better than last year. 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, Citigroup downgraded T from Buy to Neutral (Jul 7, 2016). Previously, Buckingham Research downgraded T from Buy to Neutral. The average price target for T shares is $39.96, which is 5.91% 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 (NYSE:T): SigFox ‘Internet of Things’ Plan Challenges AT&T, Verizon, T-Mobile Market Update (NYSE:T): Sprint Seen ‘Pulling Away’ From Prepaid As AT&T, T-Mobile Battle
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