AT&T Inc. (NYSE:T – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.5952.
A number of research analysts have weighed in on the company. UBS Group set a $32.00 price target on AT&T in a research note on Thursday, September 4th. JPMorgan Chase & Co. increased their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Bank of America assumed coverage on AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price target on the stock. Sanford C. Bernstein increased their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 24th.
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AT&T Price Performance
T stock opened at $29.59 on Monday. AT&T has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50 day moving average price is $28.31 and its 200 day moving average price is $27.74. The firm has a market cap of $211.58 billion, a P/E ratio of 16.81, a PEG ratio of 3.68 and a beta of 0.44.
AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the company earned $0.51 EPS. AT&T’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that AT&T will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio is currently 63.07%.
Institutional Trading of AT&T
Large investors have recently modified their holdings of the business. Capital A Wealth Management LLC acquired a new position in AT&T in the fourth quarter worth about $25,000. Stone House Investment Management LLC bought a new position in AT&T in the first quarter worth about $25,000. Front Row Advisors LLC bought a new position in AT&T in the second quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in AT&T in the second quarter worth about $26,000. Finally, Putney Financial Group LLC bought a new position in AT&T in the fourth quarter worth about $27,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
About AT&T
(Get Free Report)
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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