AT&T (NYSE:T) Trading Up 0% on Analyst Upgrade

AT&T Inc. (NYSE:T - Get Free Report)'s share price traded up 0% during trading 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 $28.59 and last traded at $28.49. 11,656,657 shares traded hands during trading, a decline of 68% from the average session volume of 36,197,019 shares. The stock had previously closed at $28.48.

T has been the subject of several other reports. Tigress Financial raised their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $27.21.

Remove Ads

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently modified their holdings of T. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter worth $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC acquired a new position in AT&T during the fourth quarter valued at $28,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

The stock has a market capitalization of $191.27 billion, a PE ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a 50 day moving average of $26.18 and a 200-day moving average of $23.70.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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 issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 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.