AT&T Inc. (NYSE:T) Receives Average Rating of “Moderate Buy” from Brokerages

AT&T Inc. (NYSE:T) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $30.6705.

T has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price target (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th.

AT&T Stock Down 0.1%

Shares of NYSE T opened at $24.81 on Tuesday. The company’s 50 day moving average price is $27.05 and its 200-day moving average price is $27.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T has a 52-week low of $21.38 and a 52-week high of $29.79. The company has a market capitalization of $175.89 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Equities analysts forecast that AT&T will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

Institutional Trading of AT&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. State Street Corp raised its holdings in AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after buying an additional 7,404,376 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of AT&T in the second quarter valued at $5,266,758,000. Geode Capital Management LLC lifted its stake in shares of AT&T by 1.2% in the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after buying an additional 2,066,026 shares in the last quarter. Finally, GQG Partners LLC grew its holdings in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after buying an additional 17,177,874 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

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.