TD Securities Forecasts Strong Price Appreciation for AT&T (NYSE:T) Stock

AT&T (NYSE:T - Free Report) had its target price hoisted by TD Securities from $29.00 to $30.00 in a research report report published on Thursday,Benzinga reports. They currently have a hold rating on the technology company's stock.

T has been the topic of a number of other reports. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday. StockNews.com downgraded AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Wells Fargo & Company raised 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 Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $28.62.

AT&T Price Performance

Shares of NYSE:T traded up $0.44 during trading hours on Thursday, hitting $27.25. 24,127,931 shares of the company's stock traded hands, compared to its average volume of 36,455,887. The company's fifty day simple moving average is $26.96 and its two-hundred day simple moving average is $24.35. The company has a market cap of $195.61 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. 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 has a 52 week low of $16.73 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its 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). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities analysts anticipate that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.07%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Hedge Funds Weigh In On AT&T

Institutional investors have recently modified their holdings of the company. Next Level Private LLC lifted its position in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in shares of AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. boosted its stake in AT&T by 9.4% during 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 during the period. Silver Oak Securities Incorporated grew its holdings in AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after buying an additional 398 shares during the last quarter. Finally, Firethorn Wealth Partners LLC increased its position in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after buying an additional 399 shares during the period. Institutional investors 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.