AT&T Inc. (NYSE:T - Get Free Report) fell 0.1% on Thursday . The stock traded as low as $23.78 and last traded at $24.20. 15,126,338 shares changed hands during trading, a decline of 60% from the average session volume of 37,706,027 shares. The stock had previously closed at $24.23.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on T shares. Sanford C. Bernstein raised their target price on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Wednesday. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Evercore ISI increased their target price on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average target price of $26.11.
View Our Latest Stock Analysis on T
AT&T Stock Down 0.8 %
The firm has a market cap of $172.46 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The business's 50-day moving average is $22.89 and its 200-day moving average is $21.57.
AT&T (NYSE:T - Get Free Report) last announced its 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 return on equity of 13.97% and a net margin of 7.42%. On average, equities analysts predict that AT&T Inc. will post 2.21 EPS for the current year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's dividend payout ratio is currently 74.50%.
Institutional Investors Weigh In On AT&T
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after buying an additional 3,630,972 shares during the last quarter. Franklin Resources Inc. boosted its stake in AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. National Pension Service increased its stake in AT&T by 15.8% in the third quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock valued at $346,934,000 after purchasing an additional 2,152,016 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in AT&T by 112.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company's stock worth $64,167,000 after purchasing an additional 1,546,679 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of AT&T by 7.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock worth $378,807,000 after purchasing an additional 1,206,330 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
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.
Further Reading
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