AT&T Inc. (NYSE:T - Get Free Report)'s share price rose 0.9% during trading on Friday . The company traded as high as $26.87 and last traded at $26.63. Approximately 7,982,136 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 36,838,783 shares. The stock had previously closed at $26.39.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on T. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Finally, Scotiabank lifted their target price on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.24.
Get Our Latest Stock Report on T
AT&T Stock Up 1.5 %
The company has a market cap of $192.29 billion, a P/E ratio of 17.98, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business's 50 day moving average price is $26.59 and its 200-day moving average price is $23.99.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is presently 74.50%.
Hedge Funds Weigh In On AT&T
A number of large investors have recently modified their holdings of the stock. Next Level Private LLC boosted its stake in shares of AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after buying an additional 384 shares in the last quarter. Firethorn Wealth Partners LLC lifted its holdings in AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after buying an additional 399 shares during the period. Buska Wealth Management LLC boosted its position in AT&T by 3.2% during the 4th quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company's stock valued at $305,000 after acquiring an additional 412 shares in the last quarter. Finally, Beacon Financial Group grew its holdings in shares of AT&T by 2.9% during the 1st quarter. Beacon Financial Group now owns 14,976 shares of the technology company's stock worth $424,000 after acquiring an additional 417 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.
About AT&T
(
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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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