AT&T (NYSE:T) Trading Up 1.3% – What’s Next?

AT&T Inc. (NYSE:T)’s share price traded up 1.3% during mid-day trading on Friday . The company traded as high as $27.87 and last traded at $27.84. 6,888,739 shares were traded during mid-day trading, a decline of 81% from the average session volume of 36,295,584 shares. The stock had previously closed at $27.47.

Analyst Ratings Changes

Several research firms recently commented on T. Barclays boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Sanford C. Bernstein boosted their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Citigroup reiterated a “buy” rating on shares of AT&T in a research note on Monday, April 7th. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.71.

AT&T Stock Up 1.5 %

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $200.61 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.42. The business’s 50 day moving average price is $27.15 and its 200 day moving average price is $24.75.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. AT&T’s payout ratio is 68.10%.

Institutional Trading of AT&T

Several institutional investors have recently bought and sold shares of T. AllSquare Wealth Management LLC increased its stake in AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after buying an additional 378 shares in the last quarter. Next Level Private LLC increased its position in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after purchasing an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after purchasing an additional 398 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in AT&T by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock worth $3,222,000 after purchasing an additional 398 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

About AT&T

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.