AT&T (NYSE:T) Given New $34.00 Price Target at Tigress Financial

AT&T (NYSE:T) had its price objective boosted by Tigress Financial from $32.00 to $34.00 in a research note released on Tuesday,Benzinga reports. Tigress Financial currently has a buy rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. Citigroup restated a “buy” rating on shares of AT&T in a report on Monday, April 7th. Wells Fargo & Company raised their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Trading Up 0.1 %

Shares of T stock opened at $27.29 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T has a fifty-two week low of $16.73 and a fifty-two week high of $29.03. The company has a market cap of $195.89 billion, a PE ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.42. The stock’s fifty day moving average price is $27.00 and its two-hundred day moving average price is $24.41.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. Equities analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.07%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares during the period. Geode Capital Management LLC grew its position in AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the period. GQG Partners LLC increased its stake in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock worth $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. Finally, Norges Bank bought a new position in shares of AT&T in the fourth quarter valued at $1,858,418,000. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.