Stock Update (NYSE:T): AT&T Fiber Reaches Over 95,000 New Business Customer Locations In Florida

[PR Newswire] – ORLANDO, Fla., Jan. 21, 2016 /PRNewswire/ — AT&T* today announced that it has added 95,588 additional business customer locations to its fiber network in Florida since 2012 when the company began its aggressive fiber expansion program. Nationally, the expansion helped extend AT&T’s U.S. fiber network another 76,000 route miles, bringing the total to nearly 500,000 miles and reaching 1 million new business customer locations. The AT&T fiber network provides the bandwidth needed to support data intensive services such as video, collaboration, cloud services and more through products such as Ethernet, Virtual Private Networking, Managed Internet Service, AT&T GigaPowerSM and AT&T Business Fiber. Read more on this. AT&T, Inc. (T) , valued at $211.87B, began trading this morning at $33.99. Looking at today’s market, T one day range is $33.79 to $34.88 with its 52-week range being $30.97 to $36.45. AT&T (T) shares are currently priced at 12.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.54x earnings multiple for the same period. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 5.56%. According to a consensus of 24 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. What we find to be interesting is that the full-year EPS estimate of $2.70 is a $0.19 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 $42.75 Billion. If realized, that would be a 24.13% increase over the year-ago quarter. Recently, Citigroup upgraded T from Neutral to Buy (Sep 2, 2015). Previously, Buckingham Research Initiated T at to Buy. Given all the information above, we should disclose to readers that the average price target is $37.13, which is 9.24% above than it opened this morning. See more in (NYSE:T) Similar Articles: Market Update (NYSE:T): Mt. Sterling Industrial Park Designated As AT&T Fiber Ready Market Update (NYSE:T): AT&T releases new details on its U-Verse GigaPower fiber network service in San Antonio Stock Update (NYSE:T): 4-Star Industrial Park Designated As AT&T Fiber Ready