AT&T Inc. (NYSE:T) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• AT&T Inc. has received a consensus rating of "Moderate Buy" from 24 research firms, with an average target price of $30.60 for the stock.
• The company reported a quarterly earnings per share (EPS) of $0.54, exceeding analysts' expectations of $0.53, with revenue growth of 3.4% year-over-year.
• AT&T recently declared a quarterly dividend of $0.2775 per share, resulting in an annualized dividend yield of 3.8%.

Shares of AT&T Inc. (NYSE:T - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-four research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.5952.

Several research firms have issued reports on T. Wells Fargo & Company boosted their target price on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. HSBC cut AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research report on Thursday, July 24th. Scotiabank boosted their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Bank of America assumed coverage on AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 price target on the stock.

Institutional Investors Weigh In On AT&T

Several institutional investors have recently modified their holdings of T. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Stone House Investment Management LLC purchased a new stake in AT&T in the 1st quarter valued at approximately $25,000. Front Row Advisors LLC purchased a new stake in AT&T in the 2nd quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in AT&T in the 2nd quarter valued at approximately $26,000. Finally, Putney Financial Group LLC purchased a new stake in AT&T in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE T opened at $29.59 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The business's 50 day moving average is $28.31 and its two-hundred day moving average is $27.74. AT&T has a 12-month low of $21.05 and a 12-month high of $29.79. The stock has a market capitalization of $211.58 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.68 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Research analysts expect that AT&T will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. AT&T's payout ratio is 63.07%.

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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