AT&T Inc. (NYSE:T) – AT&T Invests $10 Million to Raise High School Graduation Rates

AT&T Inc. (NYSE:T) [PR Newswire] – DALLAS, Dec. 16, 2013 /PRNewswire/ — It takes caring professionals and a relentless focus on results to make sure students stay in school and succeed. That’s why next month, AT&T* will launch the 2014 AT&T Aspire High School Success Initiative Request for Proposal to keep kids in the classroom. More needs to be done, particularly for minority and low-income students whose graduation rates are lagging. The RFP is part of AT&T Aspire, one of the nation’s largest corporate initiatives committed to helping more students graduate from high school ready for college and careers.
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AT&T, Inc. (T), valued at $179.64B, opened at $34.06.
 
A quick look at the market, the company’s traded between $34.08 to $34.51 with the price of the stock fluctuating between $32.76 to $39.00 over the last 52 weeks.
 
T shares are currently priced at 13.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.95x 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, 26 sell-side analysts are looking at $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 $2.47, which would be a $0.16 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $33.05 Billion. If reported, that would be a 1.38% increase over the year-ago quarter.
 
Recently, Argus upgraded T from Hold to Buy (Jun 10, 2013). Previously, Barclays Initiated T at to Equal Weight.
 
With the above information in mind, readers should note that the average price target is $37.08, which is 8.87% 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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