Vetr upgraded shares of AT&T Inc. (NYSE:T) from a hold rating to a buy rating in a research report released on Tuesday morning. The firm currently has $41.50 target price on the stock.
A number of other research analysts have also recently commented on the company. Citigroup Inc. cut AT&T from a buy rating to a neutral rating and raised their target price for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Jefferies Group restated a buy rating and issued a $44.00 target price on shares of AT&T in a research note on Thursday, July 21st. Wells Fargo & Co. restated a buy rating on shares of AT&T in a research note on Friday, July 22nd. Barclays PLC raised their target price on AT&T from $42.00 to $45.00 and gave the company an overweight rating in a research note on Friday, July 15th. Finally, Zacks Investment Research cut AT&T from a buy rating to a hold rating in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. AT&T currently has an average rating of Hold and a consensus target price of $41.57.
AT&T (NYSE:T) opened at 39.11 on Tuesday. AT&T has a 52 week low of $32.22 and a 52 week high of $43.89. The firm has a 50-day moving average price of $40.65 and a 200-day moving average price of $40.51. The company has a market cap of $240.60 billion, a P/E ratio of 16.87 and a beta of 0.30.
AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. Equities research analysts anticipate that AT&T will post $2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.91%. AT&T’s dividend payout ratio is currently 83.12%.
In related news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the sale, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of T. Bremer Trust National Association boosted its stake in shares of AT&T by 2.9% in the third quarter. Bremer Trust National Association now owns 45,240 shares of the company’s stock valued at $1,837,000 after buying an additional 1,269 shares during the last quarter. VNBTrust National Association boosted its stake in shares of AT&T by 1.2% in the third quarter. VNBTrust National Association now owns 10,303 shares of the company’s stock valued at $418,000 after buying an additional 123 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of AT&T by 33.0% in the third quarter. Foundry Partners LLC now owns 792,960 shares of the company’s stock valued at $32,202,000 after buying an additional 196,800 shares during the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of AT&T by 12.0% in the third quarter. Stuart Chaussee & Associates Inc. now owns 15,287 shares of the company’s stock valued at $621,000 after buying an additional 1,640 shares during the last quarter. Finally, Swarthmore Group Inc. boosted its stake in shares of AT&T by 342.0% in the third quarter. Swarthmore Group Inc. now owns 142,425 shares of the company’s stock valued at $5,784,000 after buying an additional 110,200 shares during the last quarter. 53.64% of the stock is currently owned by institutional investors.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
To view Vetr’s full report, visit Vetr’s official website.
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