Shares of AT&T Inc. (NYSE:T - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $22.76 and last traded at $22.76, with a volume of 278460 shares. The stock had previously closed at $22.68.
Analysts Set New Price Targets
T has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Evercore ISI boosted their price target on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Moffett Nathanson raised their price objective on AT&T from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Oppenheimer increased their target price on AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Tigress Financial upped their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.40.
Check Out Our Latest Report on T
AT&T Stock Performance
The company has a market cap of $164.96 billion, a PE ratio of 18.64, a P/E/G ratio of 3.40 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The business's fifty day moving average is $21.89 and its 200-day moving average is $19.75.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Thursday, October 10th. AT&T's payout ratio is 90.24%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock worth $27,000 after purchasing an additional 1,116 shares during the last quarter. American Capital Advisory LLC lifted its position in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after buying an additional 807 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in AT&T during the third quarter valued at approximately $35,000. Institutional investors own 57.10% of the company's stock.
AT&T Company Profile
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Get Free Report)
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.
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