Stock Update (NYSE:T): AT&T Inc. — Moody’s rates AT&T’s new notes Baa1, outlook remains negative

[at Moody’s] – New York, January 29, 2016– Moody’s Investors Service assigned a Baa1 rating to AT&T Inc.’ s new debt offering. Moody’s expects the majority of proceeds to be used to repay upcoming debt maturities or … Read more on this. AT&T, Inc. (T) , valued at $222.31B, began trading this morning at $35.71. Today, shares have traded between $35.68 and $36.06 per share and has traded between $30.97 and $36.45 over the past 12 months. T shares are currently priced at 12.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 21.62x forward p/e ratio. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 5.41%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.81, which would be a $0.10 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $41.32 Billion. If realized, that would be a 26.83% increase over the year-ago quarter. In terms of ratings, 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 by the analysts covering it is $37.24, which is 4.28% above where the stock opened. See more in (NYSE:T) Similar Articles: Stock Update: Corning Inc (NYSE:GLW) – Corning Incorporated — Moody’s downgrades Corning’s senior unsecured rating to Baa1, outlook stable Company Update: Verizon Communications Inc (NYSE:VZ) – Moody’s: Verizon may forego A3 rating if low interest rates persist Company Update (NYSE:T): AT&T (T) Stock Up on Latest DirecTV Promo