Shares of AT&T Inc. (NYSE:T) have earned an average rating of “Hold” from the thirty analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.90.
T has been the subject of several analyst reports. Nomura decreased their price objective on AT&T from $39.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. ValuEngine cut AT&T from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Barclays reiterated a “hold” rating and issued a $33.00 target price on shares of AT&T in a research note on Friday, April 17th. Morgan Stanley cut their target price on shares of AT&T from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Finally, Guggenheim cut their target price on shares of AT&T from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd.
T stock opened at $29.58 on Tuesday. The stock has a market cap of $212.48 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.67 and a beta of 0.72. The stock has a 50-day moving average price of $30.01 and a two-hundred day moving average price of $32.47. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. AT&T has a 1 year low of $26.08 and a 1 year high of $39.70.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.04. The company had revenue of $40.95 billion during the quarter, compared to analysts’ expectations of $40.87 billion. AT&T had a return on equity of 13.03% and a net margin of 6.84%. AT&T’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. On average, analysts forecast that AT&T will post 3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $2.08 annualized dividend and a yield of 7.03%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.
In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average cost of $29.69 per share, for a total transaction of $2,969,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. National Asset Management Inc. increased its stake in AT&T by 2.3% in the second quarter. National Asset Management Inc. now owns 335,810 shares of the technology company’s stock valued at $10,153,000 after acquiring an additional 7,426 shares during the last quarter. Comerica Bank grew its stake in shares of AT&T by 3.9% during the second quarter. Comerica Bank now owns 2,168,725 shares of the technology company’s stock worth $65,408,000 after buying an additional 81,757 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of AT&T by 5.3% during the second quarter. Valmark Advisers Inc. now owns 28,642 shares of the technology company’s stock worth $866,000 after buying an additional 1,439 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of AT&T by 10.4% during the second quarter. Jaffetilchin Investment Partners LLC now owns 13,206 shares of the technology company’s stock worth $37,000 after buying an additional 1,248 shares during the last quarter. Finally, ARGA Investment Management LP bought a new stake in shares of AT&T during the second quarter worth $636,000. 53.74% of the stock is currently owned by institutional investors and hedge funds.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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