Revenue Update on AT&T(NYSE:T)

AT&T(NYSE:T) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $40.52B. Analysts estimated a revenue of $40.67B. Earnings per share were $0.72. Analysts had estimated an EPS of $0.72.

In a different note, On Jul 7, 2016, Citigroup said it Downgrades its rating on AT&T. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 24, 2016, Buckingham Research said it Downgrades its rating on AT&T. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, Cowen & Company said it Maintains its rating on AT&T. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Outperform’ by the firm.

AT&T (T) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.14% at a volume of 1,40,88,416. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.81. The peak price level was also seen at $42.81 while the days lowest was $42.52. Finally the shares closed at $42.71. The 52-week high of the shares is $43.89 while the 52-week low is $30.97. According to the latest information available, the market cap of the company is $262,923 M.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, Matthew K Rose (director) purchased 21,950 shares at $34.15 per share price.Also, On Aug 25, 2015, Michael B Mccallister (director) purchased 10,000 shares at $32.92 per share price.On Aug 4, 2015, Beth E Mooney (director) purchased 10,000 shares at $34.65 per share price, according to the Form-4 filing with the securities and exchange commission.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications data/broadband and Internet services video services local exchange services long-distance services telecommunications equipment managed networking and wholesale services. Its segments include Wireless Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services AT&T U-verse broadband video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary DIRECTV Group Holdings LLC it provides pay television in the United States and across the world.

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