AT&T (NYSE:T) Given New $34.00 Price Target at Tigress Financial

AT&T (NYSE:T - Free Report) had its price objective increased by Tigress Financial from $32.00 to $34.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

Several other analysts have also recently commented on T. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Evercore ISI boosted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. BNP Paribas raised shares of 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, Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

T traded down $0.01 during trading on Tuesday, reaching $27.63. The company's stock had a trading volume of 22,922,269 shares, compared to its average volume of 36,364,848. The company has a market capitalization of $198.33 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $27.06 and its 200-day moving average price is $24.52. AT&T has a 52-week low of $16.73 and a 52-week high of $29.03. 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 announced its quarterly earnings data 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 analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, equities analysts forecast that AT&T will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Institutional Investors Weigh In On AT&T

Large investors have recently modified their holdings of the stock. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC purchased a new stake in AT&T during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new position in AT&T in the 4th quarter worth $28,000. Finally, Hager Investment Management Services LLC boosted its position in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds 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.