AT&T (NYSE:T) Trading 1.1% Higher - Here's Why

AT&T Inc. (NYSE:T - Get Free Report) shares shot up 1.1% during trading on Friday . The stock traded as high as $27.17 and last traded at $27.04. 7,219,699 shares were traded during mid-day trading, a decline of 82% from the average session volume of 40,063,520 shares. The stock had previously closed at $26.73.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Citigroup increased their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, Scotiabank raised their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.74.

AT&T Stock Up 1.6 %

The firm has a market cap of $194.85 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56. The business's 50-day moving average is $24.30 and its 200-day moving average is $22.82. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued 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 was Friday, January 10th. AT&T's payout ratio is presently 74.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T in the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth $28,000. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

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.