Shares of AT&T Inc. (NYSE:T - Get Free Report) rose 2.2% during mid-day trading on Tuesday . The stock traded as high as $27.56 and last traded at $27.55. Approximately 10,449,619 shares were traded during trading, a decline of 70% from the average daily volume of 34,285,727 shares. The stock had previously closed at $26.96.
Analysts Set New Price Targets
T has been the topic of several research reports. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price for the company. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. Finally, BNP Paribas raised 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 note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.79.
Check Out Our Latest Stock Report on AT&T
AT&T Price Performance
The business's fifty day simple moving average is $25.70 and its 200 day simple moving average is $23.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's payout ratio is currently 74.50%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in T. International Assets Investment Management LLC bought a new position in AT&T in the fourth quarter worth about $14,700,000. Franklin Resources Inc. grew 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 buying an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its stake in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in AT&T in the fourth quarter worth $691,000. Finally, West Family Investments Inc. increased its holdings in shares of AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after acquiring an additional 15,680 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Company Profile
(
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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