AT&T (NYSE:T) Trading Up 0.9% - What's Next?

Shares of AT&T Inc. (NYSE:T - Get Free Report) traded up 0.9% during trading on Monday . The stock traded as high as $22.07 and last traded at $22.03. 4,931,706 shares were traded during mid-day trading, a decline of 86% from the average session volume of 35,566,105 shares. The stock had previously closed at $21.83.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on T shares. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Citigroup lifted their price objective on AT&T from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Tigress Financial upped their target price on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Oppenheimer lifted their target price on AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Moffett Nathanson raised their price objective on shares of AT&T from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

AT&T Trading Up 1.4 %

The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $21.26 and a 200 day moving average price of $19.19. The stock has a market capitalization of $158.64 billion, a PE ratio of 17.99, a P/E/G ratio of 3.74 and a beta of 0.60.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 5.02%. AT&T's dividend payout ratio (DPR) is 90.24%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently modified their holdings of T. Davidson Kempner Capital Management LP purchased a new position in AT&T in the second quarter valued at about $23,888,000. Talbot Financial LLC purchased a new stake in AT&T in the third quarter worth $7,438,000. Mackenzie Financial Corp increased its position in AT&T by 12.2% in the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company's stock worth $50,486,000 after buying an additional 288,093 shares during the last quarter. DRW Securities LLC lifted its position in shares of AT&T by 642.2% during the 2nd quarter. DRW Securities LLC now owns 104,309 shares of the technology company's stock valued at $1,997,000 after buying an additional 90,255 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of AT&T by 4.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company's stock worth $19,827,000 after acquiring an additional 43,062 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

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.