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

AT&T Inc. (NYSE:T - Get Free Report)'s share price traded up 0.5% during mid-day 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 trading, a decline of 86% from the average session volume of 36,333,048 shares. The stock had previously closed at $27.26.

Other analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Barclays upped their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.71.

Institutional Investors Weigh In On AT&T

Institutional investors have recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $28,000. Finally, Hager Investment Management Services LLC increased its stake 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 valued at $28,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.0 %

The firm's 50-day simple moving average is $27.06 and its 200 day simple moving average is $24.52. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $198.33 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 8.95% and a return on equity of 13.97%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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