Company Update – AT&T Inc. (NYSE:T) – AT&T Digital Life, New Home Security And Automation Service Launches Friday In Colorado Springs

AT&T Inc. (NYSE:T) [PR Newswire] – DALLAS, Nov. 6, 2013 /PRNewswire/ — AT&T* today announced that on Friday, Nov. 8 it will launch Digital Life in Colorado Springs along with five other markets: Bridgeport, Memphis, Mobile, New Haven and Pensacola. Digital Life offers security, convenience and peace of mind, in a customizable and easy-to-use experience from smartphones, tablets or PCs. Beginning Friday, customers in these six new markets can receive a live demo and purchase Digital Life in company owned retail stores. Including the new markets launching, Digital Life ends the year with 58 markets across the U.S.
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AT&T, Inc. (T), valued at $189.00B, began trading this morning at $35.76.
During today’s session, T traded between $35.72 to $35.87 and has traded between $32.71 and $39.00 over the past year.
T shares are currently priced at 14.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.59x earnings multiple.
And for dividend hunters, the company pays shareholders $1.80 per share annually in dividends, yielding 5.00%.
Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.50 per share, which would be $0.06 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.48, which would be a $0.17 better when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $33.07 Billion. If realized, that would be a 1.44% increase over the year-ago quarter.
More recently, Argus upgraded T from Hold to Buy (Jun 10, 2013). Previously, Barclays Initiated T at to Equal Weight.
Investors should keep in mind is that the average price target is $37.04, which is 3.58% 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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