Shares of AT&T Inc. (NYSE:T - Get Free Report) traded down 3.4% on Friday . The stock traded as low as $27.79 and last traded at $27.63. 14,619,500 shares were traded during trading, a decline of 60% from the average session volume of 36,261,728 shares. The stock had previously closed at $28.60.
Analyst Upgrades and Downgrades
T has been the topic of several research reports. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. UBS Group increased their target price on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. Finally, Citigroup lifted their target price on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.21.
Read Our Latest Stock Report on AT&T
AT&T Trading Down 6.8 %
The business has a 50-day moving average of $26.18 and a 200-day moving average of $23.70. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $191.27 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. AT&T's dividend payout ratio (DPR) is presently 74.50%.
Institutional Trading of AT&T
Several large investors have recently modified their holdings of the company. Benjamin Edwards Inc. grew its holdings in AT&T by 1,855.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 92,810 shares of the technology company's stock valued at $2,042,000 after buying an additional 88,064 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of AT&T by 9.2% in the third quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company's stock valued at $54,509,000 after acquiring an additional 208,775 shares during the period. Janus Henderson Group PLC grew its stake in shares of AT&T by 24.5% in the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company's stock worth $15,413,000 after acquiring an additional 138,100 shares during the last quarter. Royal London Asset Management Ltd. increased its position in AT&T by 7.3% during the third quarter. Royal London Asset Management Ltd. now owns 3,775,587 shares of the technology company's stock worth $83,063,000 after acquiring an additional 256,342 shares during the period. Finally, Quantinno Capital Management LP raised its stake in AT&T by 39.5% during the 3rd quarter. Quantinno Capital Management LP now owns 483,919 shares of the technology company's stock valued at $10,646,000 after purchasing an additional 136,938 shares during the last quarter. 57.10% of the stock is owned by institutional investors.
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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