AT&T (NYSE:T) Given New $27.00 Price Target at Evercore ISI

AT&T (NYSE:T - Free Report) had its price target raised by Evercore ISI from $25.00 to $27.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an in-line rating on the technology company's stock.

Several other equities analysts have also weighed in on T. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $28.62.

AT&T Price Performance

NYSE T traded up $0.35 on Thursday, hitting $27.16. 9,980,821 shares of the company were exchanged, compared to its average volume of 36,402,284. AT&T has a 1-year low of $16.73 and a 1-year high of $29.03. The firm has a 50 day moving average of $26.96 and a two-hundred day moving average of $24.35. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market cap of $194.92 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted 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). The company had revenue of $30.63 billion during 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. On average, equities analysts predict that AT&T will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is presently 68.10%.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently modified their holdings of the stock. Next Level Private LLC boosted its stake in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares during the period. Carolinas Wealth Consulting LLC increased its position in AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. raised its stake in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares in the last quarter. Silver Oak Securities Incorporated boosted 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 purchasing an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC grew its position in shares of AT&T by 4.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

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.