Company Update (NYSE:T): AT&T Signs Agreement With Entertainment Studios, New Networks to Be Added to Both U-verse and DIRECTV Platforms

[PR Newswire] – DALLAS and LOS ANGELES, Dec. 28, 2015 /PRNewswire/ — AT&T today announced an agreement entered by its subsidiaries DIRECTV, LLC and AT&T Services, Inc. with Entertainment Studios to carry the portfolio … Read more on this. AT&T, Inc. (T) , valued at $213.54B, opened at $34.62. Looking at the stock, its one day range is $34.60 to $34.88 with the price of the stock fluctuating between $30.97 to $36.45 over the last 52 weeks. T shares are currently priced at 12.88x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 27.11x earnings multiple. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 5.58%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.63 per share, which would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.69, which would be a $0.18 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.77 Billion. If reported, that would be a 24.19% 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. With the above information in mind, readers should note that the average price target is $37.04, which is 6.99% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Stock Update (NYSE:T): AT&T and A+E Networks® Reach Multi-Year Distribution Agreement for Both AT&T’s U-verse TV and DIRECTV Platforms Market Update (NYSE:T): Customers Rate DIRECTV And AT&T U-verse TV And High Speed Internet Highest In Customer Satisfaction In J.D. Power Study Company Update (NYSE:T): AT&T (T) Stock Up on Latest DirecTV Promo