AT&T Inc. (NYSE:T) Receives $27.24 Consensus Target Price from Brokerages

AT&T Inc. (NYSE:T - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four 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 analysts that have issued a report on the stock in the last year is $27.24.

Several equities research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Royal Bank of Canada boosted their target price on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of T. International Assets Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $14,700,000. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its position in shares of AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Keystone Financial Group grew its holdings in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the last quarter. Finally, World Investment Advisors increased its position in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE:T traded up $0.10 during mid-day trading on Friday, reaching $27.12. The stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,700,813. AT&T has a one year low of $16.17 and a one year high of $29.03. The stock has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The firm has a 50 day moving average price of $26.84 and a two-hundred day moving average price of $24.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts expect that AT&T will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. AT&T's dividend payout ratio is presently 74.50%.

AT&T Company Profile

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.