Company Update – AT&T Inc. (NYSE:T) – There’s Nothing New About AT&T’s Sponsored Data (And Why the FCC Won’t Ban It)

AT&T Inc. (NYSE:T) [at Forbes] – Federal Communications Commission (FCC) chairman Tom Wheeler has been urged to investigate AT&T’s new Sponsored Data offering, whereby customers can use certain internet services without dipping into their monthly data plan. The plan would see content developers and app creators paying for users’ wireless data in a service comparable to 1-800 […]
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AT&T, Inc. (T), valued at $177.37B, opened this morning at $33.74.
 
Today’s price range has been between $33.63 and $33.81 per share with its 52-week range being $32.76 to $39.00.
 
T shares are currently priced at 13.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.90x earnings multiple for the same period.
 
And for income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 5.40%.
 
Consensus earnings for the current quarter by the 27 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 $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.47 is a $0.16 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $33.07 Billion. If reported, 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.
 
The average price target for T shares is $37.04, which is 9.78% 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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