Market Update on AT&T Inc. (NYSE:T) – Is AT&T Oversold At Current Prices?

AT&T Inc. (NYSE:T)

[at Wall St. Cheat Sheet] – AT&T stock has not done well in recent months and is currently trading near mid-prices for the year.
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AT&T, Inc. (T), with a current value of $187.63B, opened at $35.35.

Looking at today’s trading action, the company’s one day range from $35.06 to $35.34 and has traded between $32.71 and $39.00 over the past year.

Priced at 14.26x this year’s forecasted earnings, T shares are relatively expensive compared to the industry’s 3.21x forward p/e ratio.

And for those looking to make a return holding the stock, the company pays shareholders $1.80 per share annually in dividends, yielding 5.20%.

In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.65 per share, which would be $0.02 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.47 would be a $0.16 improvement when compared to the previous year’s annual results.

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

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

When considering if perhaps the stock is under or overvalued, the average price target is $36.92, which is 4.44% 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) .

More on this topic (What's this?) Read more on AT&T at Wikinvest

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