A number of other brokerages also recently issued reports on T. Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the company a hold rating in a research report on Saturday, May 20th. Instinet reiterated a buy rating and issued a $45.00 price target (down from $46.00) on shares of AT&T in a report on Sunday, April 2nd. Drexel Hamilton reiterated a hold rating on shares of AT&T in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of AT&T in a research note on Wednesday, June 28th. Finally, ValuEngine cut AT&T from a buy rating to a hold rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $43.66.
Shares of AT&T (NYSE T) opened at 36.39 on Wednesday. The firm has a market capitalization of $223.73 billion, a P/E ratio of 17.79 and a beta of 0.47. AT&T has a 12 month low of $36.10 and a 12 month high of $43.50. The company has a 50 day moving average of $38.41 and a 200-day moving average of $40.54.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.74. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. AT&T had a return on equity of 14.22% and a net margin of 7.77%. AT&T’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts predict that AT&T will post $2.89 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.39%. AT&T’s payout ratio is currently 96.08%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Sunbelt Securities Inc. boosted its position in AT&T by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,994 shares of the technology company’s stock valued at $212,000 after buying an additional 15 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares in the last quarter. Sterling Global Strategies LLC boosted its position in AT&T by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,594 shares of the technology company’s stock valued at $493,000 after buying an additional 49 shares in the last quarter. Finally, Cedar Wealth Management LLC boosted its position in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares in the last quarter. Institutional investors own 55.34% of the company’s stock.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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