According to Zacks, “AT&T operates in a saturated wireless market where spectrum crunch is a big issue. Moreover, loss in access lines, stringent regulatory measures and union issues are major headwinds. Additionally, persistent losses in its wireline division is a worry. The company has also been facing intense competition from peers, compelling it to lower the price of its services. This will dent AT&T's margins going ahead. Additionally, the entry of cable MSOs like Comcast and Charter Communications will intensify competition. Meanwhile, AT&T has been dormant in the mobile advertising space and active on the IoT and 5G front.”
Other analysts also recently issued reports about the stock. Barclays PLC reiterated a buy rating on shares of AT&T in a research report on Sunday, July 17th. Deutsche Bank AG reiterated a buy rating and issued a $45.00 price objective on shares of AT&T in a research report on Sunday, July 17th. Jefferies Group reiterated a buy rating on shares of AT&T in a research report on Sunday, June 5th. Wells Fargo & Co. reiterated a buy rating on shares of AT&T in a research report on Friday, July 22nd. Finally, S&P Equity Research set a $46.00 price objective on shares of AT&T and gave the company a buy rating in a research report on Sunday, July 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $41.57.
Shares of AT&T (NYSE:T) opened at 39.11 on Monday. AT&T has a 52-week low of $32.22 and a 52-week high of $43.89. The firm has a market capitalization of $240.60 billion, a price-to-earnings ratio of 16.87 and a beta of 0.30. The stock has a 50 day moving average of $40.65 and a 200 day moving average of $40.51.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. On average, analysts predict that AT&T will post $2.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of T. Proficio Capital Partners LLC boosted its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares during the last quarter. Wealthcare Capital Management LLC purchased a new stake in shares of AT&T during the second quarter worth $117,000. Finally, Invictus RG boosted its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
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.
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