Stock Update (NYSE:T): What Are Analysts’ Recommendations for AT&T?

[Market Realist] – More than half of the 36 recommendations by Wall Street’s analysts on AT&T’s stock were “buy” as of April 27, 2016. Read more on this. AT&T, Inc. (T) , with a current value of $239.53B, opened at $39.02. Today, shares have traded between $38.68 and $39.08 per share with its 52-week range being $30.97 to $39.72. AT&T (T) shares are currently priced at 13.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.71x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.95%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.85 would be a $0.14 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.76 Billion. If reported, that would be a 23.44% increase over the year-ago quarter. 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 the stock is $39.55, which is 1.36% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update: Verizon Communications Inc (NYSE:VZ) – Analysts’ Recommendations for Verizon Market Update: AT&T Inc (NYSE:T) – Analyst Recommendations for AT&T: ‘Buy’ or ‘Hold’ Market Update: AT&T Inc (NYSE:T) – Analysts Now Showing That AT&T Will Win From Cord-Cutters
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