AT&T (NYSE:T) Trading Up 1.8% - What's Next?

AT&T Inc. (NYSE:T - Get Free Report)'s stock price was up 1.8% during trading on Monday . The company traded as high as $28.65 and last traded at $28.60. Approximately 7,783,138 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 36,309,962 shares. The stock had previously closed at $28.08.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Williams Trading set a $30.00 price objective on shares of AT&T in a report on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Oppenheimer increased their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Evercore ISI lifted their price objective on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Finally, TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.90.

AT&T Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The stock's 50-day moving average price is $27.76 and its 200-day moving average price is $26.08. The company has a market cap of $203.82 billion, a P/E ratio of 17.38, a PEG ratio of 4.02 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 the consensus estimate of $0.52 by ($0.01). The company 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 13.63% and a net margin of 9.64%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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 paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's payout ratio is 68.10%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of AT&T during the fourth quarter valued at $1,858,418,000. Nuveen LLC bought a new stake in AT&T in the first quarter valued at approximately $1,072,128,000. GQG Partners LLC lifted its position in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AT&T by 31.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its holdings in AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company's stock worth $338,213,000 after acquiring an additional 11,920,392 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.