AT&T (NYSE:T) Trading 0.2% Higher

AT&T Inc. (NYSE:TGet Free Report)’s share price traded up 0.2% on Wednesday . The stock traded as high as $17.71 and last traded at $17.56. 13,170,009 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 38,369,672 shares. The stock had previously closed at $17.52.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Tigress Financial upped their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Citigroup upped their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

View Our Latest Report on AT&T

AT&T Price Performance

The company has a market capitalization of $125.67 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 2.64 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The company has a 50 day simple moving average of $17.17 and a 200 day simple moving average of $16.36.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, research analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.32%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its stake in AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after purchasing an additional 76,746,649 shares in the last quarter. Norges Bank acquired a new stake in AT&T during the 4th quarter valued at approximately $1,229,499,000. Ameriprise Financial Inc. grew its stake in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares in the last quarter. FMR LLC grew its stake in AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after purchasing an additional 32,558,342 shares in the last quarter. Finally, Morgan Stanley grew its stake in AT&T by 37.3% during the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after purchasing an additional 29,769,976 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

(Get Free Report)

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.

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