AT&T Inc. (NYSE:T) has received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $30.92.
Several analysts have issued reports on T shares. CIBC restated a “buy” rating on shares of AT&T in a research note on Wednesday, February 10th. Raymond James upped their target price on AT&T from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. Credit Suisse Group lowered their target price on AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. Barclays upped their target price on AT&T from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, April 23rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of AT&T in a report on Monday, April 26th.
A number of hedge funds have recently modified their holdings of the stock. Blue Chip Partners Inc. raised its stake in AT&T by 2.2% during the 1st quarter. Blue Chip Partners Inc. now owns 15,100 shares of the technology company’s stock worth $457,000 after acquiring an additional 326 shares during the period. Waterfront Wealth Inc. raised its stake in AT&T by 1.6% during the 1st quarter. Waterfront Wealth Inc. now owns 21,065 shares of the technology company’s stock worth $642,000 after acquiring an additional 331 shares during the period. Hemington Wealth Management raised its stake in AT&T by 1.1% during the 1st quarter. Hemington Wealth Management now owns 31,589 shares of the technology company’s stock worth $956,000 after acquiring an additional 349 shares during the period. Birmingham Capital Management Co. Inc. AL raised its stake in AT&T by 0.7% during the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 47,320 shares of the technology company’s stock worth $1,432,000 after acquiring an additional 350 shares during the period. Finally, TAP Consulting LLC raised its stake in AT&T by 4.6% during the 4th quarter. TAP Consulting LLC now owns 8,008 shares of the technology company’s stock worth $230,000 after acquiring an additional 354 shares during the period. 51.17% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:T traded up $0.52 during trading on Thursday, hitting $32.02. The company’s stock had a trading volume of 51,176,715 shares, compared to its average volume of 43,130,637. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.84. AT&T has a fifty-two week low of $26.35 and a fifty-two week high of $33.24. The stock’s 50-day moving average price is $30.38 and its two-hundred day moving average price is $29.19. The company has a market capitalization of $228.36 billion, a PE ratio of 21.07, a PEG ratio of 3.04 and a beta of 0.70.
AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 21st. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. AT&T had a return on equity of 12.27% and a net margin of 6.42%. The firm had revenue of $43.90 billion for the quarter, compared to analysts’ expectations of $42.69 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. AT&T’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that AT&T will post 3.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 3rd. Investors of record on Friday, April 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date was Thursday, April 8th. AT&T’s dividend payout ratio (DPR) is 58.26%.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
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