Company Update (NYSE:T): AT&T Push Into Mexico Vs. America Movil Looking Good So Far

[at Investor’s Business Daily] – AT&T’s (T )push into Mexico’s wireless phone market seems to be gaining traction vs. incumbent America Movil (AMX), analysts say. AT&T said it added 529,000 wireless subscribers in Mexico in Q1, with one-fourth … Read more on this. AT&T, Inc. (T) , valued at $238.05B, opened this morning at $38.72. Looking at today’s market, T one day range is $38.55 to $38.88 and has traded between $30.97 and $39.72 over the past year. T shares are currently priced at 13.59x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.26x earnings multiple. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 5.04%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.03 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 $2.85 is a $0.14 improvement 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 $40.76 Billion. If realized, that would be a 23.44% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. With the above information in mind, readers should note that the average price target is $39.55, which is 2.14% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:T): Telecom Conglomerate AT&T Q1 Earnings Expected To Get DirecTV Boost Company Update (NYSE:T): AT&T Enhances Home Internet Experience Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016