Shares of AT&T Inc. (NYSE:T – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $28.55.
T has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Barclays decreased their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Thursday, July 23rd. Argus restated a “buy” rating and set a $30.00 price objective on shares of AT&T in a research note on Thursday, October 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd.
View Our Latest Stock Report on AT&T
AT&T Stock Performance
T opened at $20.83 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $24.76 and its 200-day moving average is $25.04. The stock has a market cap of $140.30 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43.
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that AT&T will post 2.39 earnings per share for the current year.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is currently 60.00%.
Hedge Funds Weigh In On AT&T
Several large investors have recently bought and sold shares of the stock. IFM Investors Pty Ltd raised its position in AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in AT&T in the 1st quarter valued at about $2,901,000. Sound Income Strategies LLC lifted its holdings in AT&T by 19.8% in the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after acquiring an additional 124,997 shares during the last quarter. Orographic Financial Advisors LLC bought a new position in shares of AT&T during the 1st quarter valued at about $3,449,000. Finally, B.A. Schrock Wealth Management Inc. bought a new position in shares of AT&T during the 3rd quarter valued at about $1,583,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
About AT&T
AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.
The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.
AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.
See Also
- Five stocks we like better than AT&T
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.
