Shares of AT&T Inc. (NYSE:T - Get Free Report) shot up 1.5% during trading on Thursday . The stock traded as high as $27.44 and last traded at $27.42. 5,882,849 shares traded hands during trading, a decline of 84% from the average session volume of 36,562,015 shares. The stock had previously closed at $27.02.
Analyst Ratings Changes
A number of analysts have recently weighed in on T shares. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Scotiabank raised their price target on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, April 8th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target 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, Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.24.
Read Our Latest Report on AT&T
AT&T Stock Performance
The firm's 50 day simple moving average is $26.84 and its 200 day simple moving average is $24.15. The firm has a market capitalization of $194.67 billion, a price-to-earnings ratio of 18.20, a PEG 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.
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, beating 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%. Sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is currently 74.50%.
Institutional Trading of AT&T
A number of institutional investors and hedge funds have recently made changes to their positions in T. Mayfair Advisory Group LLC purchased a new stake in shares of AT&T in the first quarter valued at approximately $204,000. Clarius Group LLC increased its stake in shares of AT&T by 7.0% in the 1st quarter. Clarius Group LLC now owns 35,732 shares of the technology company's stock worth $1,011,000 after acquiring an additional 2,329 shares during the last quarter. GSB Wealth Management LLC boosted its position in shares of AT&T by 8.2% during the 1st quarter. GSB Wealth Management LLC now owns 13,796 shares of the technology company's stock valued at $390,000 after acquiring an additional 1,046 shares during the last quarter. Optivise Advisory Services LLC purchased a new stake in shares of AT&T in the first quarter valued at about $202,000. Finally, CENTRAL TRUST Co raised its stake in AT&T by 5.1% during the first quarter. CENTRAL TRUST Co now owns 191,351 shares of the technology company's stock worth $5,411,000 after purchasing an additional 9,343 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
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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