Market Update (NASDAQ:YHOO): AT&T dumps Yahoo after 15-year partnership

[at MarketWatch] – AT&T Inc. is unwinding a 15-year partnership with Yahoo Inc. that has spanned the evolution of the Internet, from competing against AOL dial-up service to jockeying against cable companies to selling high-speed … Read more on this. Yahoo! Inc. (YHOO) , with a current value of $34.09B, opened this morning at $35.81. Looking at the equity, the company’s one day range is $35.74 to $36.09 with the price of the stock fluctuating between $26.15 to $45.07 over the last 52 weeks. YHOO shares are currently priced at 73.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple. According to a consensus of 34 analysts, the earnings estimate of $0.10 per share would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.50 which would be a $0.09 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.08 Billion. If realized, that would be a 12.90% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $40.94, which is 14.33% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s a Reason Yahoo! (YHOO) Stock is Increasing Today Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Gains, Time Inc., SoftBank Seek Assets Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today