AT&T Inc. (NYSE:T) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of AT&T Inc. (NYSE:T - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $28.71.

A number of research firms have recently commented on T. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Royal Bank of Canada lifted their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th.

AT&T Stock Up 1.2%

Shares of NYSE T opened at $28.09 on Friday. The stock has a market cap of $202.12 billion, a P/E ratio of 18.85, a PEG ratio of 3.00 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T has a 12-month low of $17.42 and a 12-month high of $29.03. The business's fifty day simple moving average is $27.32 and its 200-day simple moving average is $25.45.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Institutional Investors Weigh In On AT&T

Several institutional investors and hedge funds have recently bought and sold shares of T. Norges Bank bought a new position in shares of AT&T in the fourth quarter valued at approximately $1,858,418,000. Nuveen LLC bought a new position in shares of AT&T in the first quarter valued at approximately $1,072,128,000. GQG Partners LLC boosted its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of AT&T by 30,527.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company's stock valued at $338,213,000 after acquiring an additional 11,920,392 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

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.

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