Market Update: AT&T Inc (NYSE:T) – One Reason AT&T (T) Stock is Up Today

[at TheStreet] – AT&T (T) stock is higher after it was announced that the company and Rovi (ROVI) have renewed their patent license agreement and extend their existing product agreements. Read more on this. AT&T, Inc. (T) , valued at $214.09B, began trading this morning at $34.43. Looking at the equity, the company’s one day range is $34.43 to $34.92 and has traded between $30.97 and $36.45 over the past year. AT&T (T) shares are currently priced at 12.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 27.11x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.88 per share annually in dividends, yielding 5.60%. According to a consensus of 23 analysts, the earnings estimate of $0.63 per share would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.70 which would be a $0.19 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.68 Billion. If reported, that would be a 23.93% increase over the year-ago quarter. More recently, Citigroup upgraded T from Neutral to Buy (Sep 2, 2015). Previously, Buckingham Research Initiated T at to Buy. The average price target for T shares is $37.04, which is 7.58% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): FCC targets AT&T, others in special access market probe after complaints from Sprint, competitors Market Update: AT&T Inc (NYSE:T) – AT&T (T) Stock Declines as FCC Opens Investigation Market Update: AT&T Inc (NYSE:T) – AT&T (T) Stock Rated ‘Buy’ at Nomura