Shares of AT&T Inc. (NYSE:T) have received an average rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $30.92.
T has been the subject of a number of research analyst reports. Raymond James increased their price target on AT&T from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Monday, April 26th. CIBC reiterated a “buy” rating on shares of AT&T in a report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $31.00 to $34.00 in a report on Wednesday, April 28th. Finally, Credit Suisse Group lowered their price target on AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th.
A number of hedge funds have recently bought and sold shares of T. Curi Capital acquired a new stake in AT&T in the 4th quarter valued at about $25,000. Flagship Private Wealth LLC acquired a new stake in AT&T in the 4th quarter valued at about $27,000. Clear Perspectives Financial Planning LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of AT&T during the 1st quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $31,000. 51.17% of the stock is currently owned by institutional investors.
NYSE:T traded up $0.52 during trading hours on Thursday, hitting $32.02. The company had a trading volume of 51,176,715 shares, compared to its average volume of 43,130,637. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $30.38 and a 200 day moving average of $29.19. The company has a market cap of $228.36 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.04 and a beta of 0.70. AT&T has a 1 year low of $26.35 and a 1 year high of $33.24.
AT&T (NYSE:T) last issued its earnings results on Wednesday, April 21st. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The company had revenue of $43.90 billion during the quarter, compared to analysts’ expectations of $42.69 billion. AT&T had a return on equity of 12.27% and a net margin of 6.42%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. On average, analysts forecast that AT&T will post 3.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 3rd. Investors of record on Friday, April 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 6.50%. The ex-dividend date was Thursday, April 8th. AT&T’s payout ratio is 58.26%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
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