AT&T Inc. (NYSE:T - Get Free Report)'s stock price dropped 0.8% on Tuesday . The company traded as low as $22.68 and last traded at $22.81. Approximately 4,961,907 shares changed hands during trading, a decline of 86% from the average daily volume of 35,375,734 shares. The stock had previously closed at $22.99.
Analyst Ratings Changes
Several analysts recently issued reports on T shares. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Royal Bank of Canada restated a "sector perform" rating and issued a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. Barclays lifted their price target on AT&T from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Redburn Atlantic raised AT&T to a "strong sell" rating in a research note on Monday, September 16th. Finally, TD Cowen lifted their target price on AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.40.
Read Our Latest Stock Analysis on T
AT&T Stock Performance
The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a 50 day simple moving average of $21.92 and a 200-day simple moving average of $19.79. The stock has a market capitalization of $163.24 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. On average, equities analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.
AT&T Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.88%. AT&T's dividend payout ratio is 90.24%.
Institutional Trading of AT&T
A number of hedge funds and other institutional investors have recently made changes to their positions in T. Strategic Financial Concepts LLC grew its holdings in shares of AT&T by 227.6% during the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock worth $25,000 after purchasing an additional 91,578 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the 3rd quarter worth $25,000. Riggs Asset Managment Co. Inc. raised its position in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Finally, American Capital Advisory LLC grew its position in AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after acquiring an additional 807 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.
About AT&T
(
Get Free Report)
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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