AT&T Inc. (NYSE:T - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.19 and last traded at $28.87, with a volume of 3368758 shares traded. The stock had previously closed at $28.94.
Analysts Set New Price Targets
A number of analysts have weighed in on T shares. Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Evercore ISI boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the company 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 Tuesday, June 17th. Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $28.90.
Check Out Our Latest Analysis on T
AT&T Stock Down 1.5%
The firm has a 50 day moving average price of $27.72 and a 200-day moving average price of $26.03. The firm has a market cap of $204.75 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 4.11 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.
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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Stone House Investment Management LLC bought a new stake in AT&T in the first quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in AT&T in the fourth quarter valued at approximately $27,000. Finally, Hager Investment Management Services LLC raised its holdings in AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after purchasing an additional 641 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Company Profile
(
Get Free Report)
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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