AT&T (NYSE:T) Shares Up 0.5% Following Analyst Upgrade

AT&T Inc. (NYSE:T - Get Free Report)'s stock price traded up 0.5% during trading on Tuesday after Tigress Financial raised their price target on the stock from $32.00 to $34.00. Tigress Financial currently has a buy rating on the stock. AT&T traded as high as $27.39 and last traded at $27.41. 5,020,527 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 36,333,048 shares. The stock had previously closed at $27.26.

T has been the subject of several other reports. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday. StockNews.com upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Finally, Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.71.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently modified their holdings of the business. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at $28,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

The firm's 50-day moving average is $26.98 and its 200 day moving average is $24.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market cap of $196.29 billion, a PE ratio of 18.39, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS 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 analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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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