AT&T Inc. (NYSE:T - Get Free Report) was down 2.9% during mid-day trading on Wednesday . The stock traded as low as $25.20 and last traded at $25.64. Approximately 16,151,260 shares were traded during trading, a decline of 56% from the average daily volume of 36,652,208 shares. The stock had previously closed at $26.39.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Oppenheimer upped their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Royal Bank of Canada increased their target price on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Finally, 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 report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.24.
Check Out Our Latest Research Report on T
AT&T Stock Up 1.1 %
The firm has a market cap of $197.35 billion, a P/E ratio of 18.45, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $26.71 and a 200-day moving average price of $24.05.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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 forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 74.50%.
Institutional Trading of AT&T
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T in the 4th quarter worth $1,858,418,000. 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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