AT&T (NYSE:T) Given New $32.00 Price Target at Oppenheimer

AT&T (NYSE:T - Free Report) had its target price raised by Oppenheimer from $27.00 to $32.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

A number of other equities research analysts have also recently commented on T. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Tigress Financial increased their price objective on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have given 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.21.

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AT&T Stock Down 6.8 %

Shares of T stock traded down $1.95 on Tuesday, hitting $26.65. The stock had a trading volume of 61,300,912 shares, compared to its average volume of 36,439,872. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business has a 50 day moving average of $26.18 and a 200 day moving average of $23.70. AT&T has a 12-month low of $15.94 and a 12-month high of $29.03. The stock has a market cap of $191.27 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. As a group, analysts expect that AT&T will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.17%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Hedge Funds Weigh In On AT&T

A number of large investors have recently modified their holdings of T. International Assets Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $14,700,000. Franklin Resources Inc. lifted its stake in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp boosted its position in AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after buying an additional 21,927 shares during the period. Fortress Financial Solutions LLC purchased a new stake in AT&T during the fourth quarter valued at about $691,000. Finally, West Family Investments Inc. grew its stake in shares of AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

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.