AT&T (NYSE:T) Stock Price Up 0.7% - What's Next?

AT&T Inc. (NYSE:T - Get Free Report) traded up 0.7% during mid-day trading on Thursday . The stock traded as high as $26.38 and last traded at $26.37. 6,941,142 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 40,245,531 shares. The stock had previously closed at $26.18.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus price target of $26.74.

Remove Ads

AT&T Stock Up 1.6 %

The business's 50 day simple moving average is $24.30 and its 200 day simple moving average is $22.82. The company has a market capitalization of $194.85 billion, a PE ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently made changes to their positions in T. Vanguard Group Inc. grew its holdings in shares of AT&T by 1.0% in 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 purchasing an additional 6,220,442 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC grew its holdings in shares of AT&T by 37.3% in the fourth 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AT&T by 7.1% in the fourth 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at approximately $1,858,418,000. 57.10% of the stock is owned by hedge funds and other 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.