Stock Update (NYSE:T): AT&T Drives IoT Innovation, Combines Tools for Developers

[PR Newswire] – DALLAS, July 12, 2016 /PRNewswire/ — AT&T* is offering integrated tools for helping Internet of Things (IoT) developers. Developers can now quickly build their IoT solutions using AT&T IoT Platforms and Microsoft Azure cloud, analytics and visualization tools. Today’s news builds on existing integration between AT&T IoT Platforms and Microsoft’s cloud offerings, which allow developers to use AT&T M2X and AT&T Flow Designer to access the power of Azure, including big data, business intelligence, and machine learning tools that transform data into intelligent action. Read more on this. AT&T, Inc. (T) , valued at $261.10B, opened at $42.40. During the trading session, T traded between $42.23 to $42.60 with a one year range of $30.97 to $43.89. AT&T (T) shares are currently priced at 14.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.18x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.51%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.72 per share, which 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 $40.67 Billion. If realized, that would be a 23.17% increase over the year-ago quarter. In terms of ratings, Citigroup downgraded T from Buy to Neutral (Jul 7, 2016). Previously, Buckingham Research downgraded T from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $39.91, which is 5.87% below where the stock opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): AT&T and Squadle Simplify Restaurant Management Using IoT Innovation Stock Update (NYSE:T): AT&T Stock to Trade Ex-Dividend (T) Stock Update (NYSE:T): AT&T (T) Stock Up, Migrating Most Applications to Cloud in 2016
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