AT&T Inc. (NYSE:T) has earned a consensus recommendation of “Hold” from the thirty research firms that are currently covering the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.27.
Several equities analysts have recently commented on T shares. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a report on Tuesday, June 21st. Buckingham Research lowered AT&T from a “buy” rating to a “neutral” rating and upped their target price for the company from $30.97 to $39.56 in a report on Friday, June 24th. They noted that the move was a valuation call. Barclays PLC started coverage on AT&T in a report on Monday, June 27th. They set a “buy” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 target price on shares of AT&T in a report on Tuesday, June 28th. Finally, Deutsche Bank AG upped their target price on AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 28th.
AT&T (NYSE:T) opened at 38.87 on Monday. The firm has a market capitalization of $239.13 billion, a PE ratio of 16.76 and a beta of 0.30. AT&T has a one year low of $32.22 and a one year high of $43.89. The company’s 50-day moving average price is $40.58 and its 200 day moving average price is $40.51.
AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts forecast that AT&T will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.07% of the company’s stock.
A number of institutional investors have recently bought and sold shares of T. Proficio Capital Partners LLC increased 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 valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners increased 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 valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC increased 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 valued at $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC acquired a new stake in shares of AT&T during the second quarter valued at about $117,000. Finally, Invictus RG increased 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 valued at $138,000 after buying an additional 2,560 shares in the last quarter. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
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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