Stock Update: AT&T Inc. (NYSE:T) – AT&T head of mobile backs BlackBerry, CNET reports

AT&T Inc. (NYSE:T) [theflyonthewall.com] – The head of mobility at AT&T (T), Ralph de la Vega, said in an interview with CNET that the carrier continues to work with BlackBerry (BBRY) and is supporting their efforts to “continue being a viable …
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AT&T, Inc. (T), currently valued at $184.38B, opened at $35.13.
 
A quick look at the market, the company’s traded between $34.95 to $35.15 and has traded between $32.76 and $39.00 over the past year.
 
T shares are currently priced at 14.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.94x earnings multiple for the same period.
 
And for income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 5.30%.
 
In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.50 per share, which would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.47 would be a $0.16 better 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 $33.07 Billion. If realized, that would be a 1.44% increase over the year-ago quarter.
 
In terms of ratings, Argus upgraded T from Hold to Buy (Jun 10, 2013). Previously, Barclays Initiated T at to Equal Weight.
 
When considering if perhaps the stock is under or overvalued, the average price target is $37.04, which is 5.44% 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) .


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