AT&T Inc. (NYSE:T - Get Free Report)'s stock price shot up 1.7% during mid-day trading on Thursday after Barclays raised their price target on the stock from $27.00 to $30.00. Barclays currently has an overweight rating on the stock. AT&T traded as high as $27.77 and last traded at $27.66. 9,324,390 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 42,458,500 shares. The stock had previously closed at $27.19.
Other equities analysts have also recently issued reports about the company. Tigress Financial increased their target price on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Argus upgraded 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 note on Thursday, January 16th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Thursday. Finally, Royal Bank of Canada upped their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.62.
Read Our Latest Research Report on T
Hedge Funds Weigh In On AT&T
A number of hedge funds and other institutional investors have recently bought and sold shares of T. Next Level Private LLC boosted its holdings in AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after buying an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC raised its position in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. boosted its stake in AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after acquiring an additional 398 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after purchasing an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC grew its holdings in AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares during the period. 57.10% of the stock is owned by institutional investors.
AT&T Trading Down 2.7 %
The company's fifty day simple moving average is $26.96 and its two-hundred day simple moving average is $24.33. The company has a market capitalization of $192.38 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. 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 Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast 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. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.14%. AT&T's dividend payout ratio is currently 68.10%.
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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