AT&T Inc. (NYSE:T - Get Free Report) shares reached a new 52-week high on Wednesday after Oppenheimer raised their price target on the stock from $27.00 to $32.00. Oppenheimer currently has an outperform rating on the stock. AT&T traded as high as $28.61 and last traded at $28.49, with a volume of 43976615 shares. The stock had previously closed at $28.28.
A number of other equities research analysts have also recently issued reports on the company. Citigroup upped their target price on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday. Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada upped 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. Finally, The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.21.
Check Out Our Latest Stock Report on T
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of T. Benjamin Edwards Inc. increased its stake in AT&T by 1,855.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 92,810 shares of the technology company's stock worth $2,042,000 after purchasing an additional 88,064 shares in the last quarter. HighTower Advisors LLC lifted its position in AT&T by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company's stock valued at $54,509,000 after acquiring an additional 208,775 shares in the last quarter. Janus Henderson Group PLC boosted its stake in AT&T by 24.5% in the 3rd quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company's stock worth $15,413,000 after purchasing an additional 138,100 shares during the period. Royal London Asset Management Ltd. increased its holdings in AT&T by 7.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 3,775,587 shares of the technology company's stock worth $83,063,000 after purchasing an additional 256,342 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of AT&T by 39.5% in the 3rd quarter. Quantinno Capital Management LP now owns 483,919 shares of the technology company's stock valued at $10,646,000 after purchasing an additional 136,938 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Trading Down 6.5 %
The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $192.01 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business has a fifty day moving average price of $26.18 and a 200 day moving average price of $23.70.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.15%. AT&T's dividend payout ratio (DPR) is presently 74.50%.
About AT&T
(
Get Free Report)
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.
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