JPMorgan’s Record Settlement, AT&T Sells Towers: Morning Buzzers – AT&T Inc. (NYSE:T)

AT&T Inc. (NYSE:T)

[at Wall St. Cheat Sheet] – U.S. stock futures remained steady as investors continue to await third quarter earnings reports. Here’s your cheat sheet to what’s buzzing this morning.
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AT&T, Inc. (T), valued at $187.21B, started trading this morning at $35.00.

Looking at the stock, its one day range is $34.88 to $35.30 with its 52-week range being $32.71 to $39.00.

T shares are currently priced at 14.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.21x earnings multiple.

And for passive income investors, the company pays shareholders $1.80 per share annually in dividends, yielding 5.20%.

Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.02 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.47, which would be a $0.16 better than last year.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.19 Billion. If reported, that would be a 2.32% increase over the year-ago quarter.

More recently, Argus upgraded T from Hold to Buy (Jun 10, 2013).
Previously, FBR Capital downgraded T from Outperform to Mkt Perform.

The average price target for T shares by the analysts covering the stock is $36.92, which is 5.49% above where the stock opened this morning.

AT&T Inc. (NYSE:T), provides telecommunications services to consumers, businesses and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline and Other.

Tag Helper ~ Stock Code: T | Common Company name: AT&T | Full Company name: AT&T Inc. (NYSE:T) .


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