AT&T Inc. (NYSE:T) Receives $28.71 Consensus PT from Analysts

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

Several analysts have recently commented on T shares. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. 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 report on Thursday, February 13th. Finally, Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T in the first quarter worth $25,000. Putney Financial Group LLC bought a new position in AT&T in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new position in AT&T in the fourth quarter valued at about $28,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock traded down $0.58 during trading hours on Tuesday, hitting $26.43. The company had a trading volume of 58,702,618 shares, compared to its average volume of 36,708,966. AT&T has a 12 month low of $17.11 and a 12 month high of $29.03. The firm has a market capitalization of $190.18 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.00 and a beta of 0.42. The firm's fifty day moving average is $27.17 and its 200 day moving average is $24.80. 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 (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.