Stock Update (NASDAQ:YHOO): AT&T Is Interested in Buying Yahoo! (T, YHOO)

[at Investopedia] – AT&T can potentially foil attempts made by rival Verizon, which has ben considered the front-runner in the Yahoo! sweepstakes. Read more on this. Yahoo! Inc. (YHOO) , valued at $34.67B, began trading this morning at $36.13. Shares have traded today between $36.08 and $36.72 per share with a trailing 52-week range being $26.15 to $43.78. YHOO shares are currently priced at 75.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.34x forward p/e ratio. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.50 which would be a $0.09 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.08 Billion. If realized, that would be a 12.90% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. The average price target for YHOO shares is $40.79, which is 12.90% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Why traders are buying calls in Yahoo Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products