Shares of AT&T Inc. (NYSE:T - Get Free Report) traded up 0.9% on Tuesday . The stock traded as high as $27.16 and last traded at $27.08. Approximately 18,348,859 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 36,539,869 shares. The stock had previously closed at $26.83.
Analysts Set New Price Targets
T has been the topic of a number of recent analyst reports. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.
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AT&T Price Performance
The stock has a market capitalization of $192.29 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business's 50 day simple moving average is $26.59 and its two-hundred day simple moving average is $23.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 8.95%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
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 issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.14%. AT&T's dividend payout ratio is currently 74.50%.
Hedge Funds Weigh In On AT&T
Hedge funds and other institutional investors have recently modified their holdings of the business. Capital A Wealth Management LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new position in AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the period. Hedge funds and other 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.
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