AT&T Inc. (NYSE:T) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of AT&T Inc. (NYSE:T - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.40.

Several brokerages have issued reports on T. Citigroup boosted their price target on shares of AT&T from $21.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Barclays increased their price objective on AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Finally, Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st.

AT&T Stock Performance

Shares of AT&T stock traded down $0.26 during trading on Tuesday, reaching $22.73. The company's stock had a trading volume of 24,639,748 shares, compared to its average volume of 35,466,930. The business's fifty day moving average price is $21.92 and its 200-day moving average price is $19.79. AT&T has a one year low of $15.85 and a one year high of $23.20. The firm has a market cap of $163.09 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. As a group, equities research analysts predict that AT&T will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T's dividend payout ratio (DPR) is presently 90.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of T. M&T Bank Corp grew its holdings in shares of AT&T by 1.1% during the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock worth $23,178,000 after purchasing an additional 11,895 shares during the last quarter. Second Line Capital LLC grew its holdings in AT&T by 39.7% during the 3rd quarter. Second Line Capital LLC now owns 44,880 shares of the technology company's stock worth $987,000 after acquiring an additional 12,765 shares during the last quarter. TCW Group Inc. raised its stake in shares of AT&T by 518.9% during the third quarter. TCW Group Inc. now owns 989,888 shares of the technology company's stock valued at $21,778,000 after acquiring an additional 829,950 shares during the last quarter. Soltis Investment Advisors LLC grew its stake in shares of AT&T by 23.4% in the third quarter. Soltis Investment Advisors LLC now owns 15,504 shares of the technology company's stock worth $341,000 after purchasing an additional 2,941 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in AT&T by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 197,315 shares of the technology company's stock valued at $4,341,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.