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

AT&T Inc. (NYSE:T) traded up 0.2% during trading on Monday . The company traded as high as $16.54 and last traded at $16.34. 8,881,672 shares changed hands during trading, a decline of 77% from the average session volume of 38,039,066 shares. The stock had previously closed at $16.31.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Friday, January 19th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Stock Performance

The stock has a market cap of $115.09 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.45 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 firm has a 50 day moving average price of $17.04 and a 200 day moving average price of $16.48.

AT&T (NYSE:T) 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). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is currently 56.63%.

Institutional Investors Weigh In On AT&T

Several institutional investors have recently added to or reduced their stakes in T. Axiom Financial Strategies LLC boosted its holdings in AT&T by 12.2% in the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after acquiring an additional 1,941 shares in the last quarter. Roundview Capital LLC raised its stake in shares of AT&T by 62.3% in the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares during the last quarter. Sei Investments Co. raised its stake in shares of AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after purchasing an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after acquiring an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after acquiring an additional 11,722 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

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.