AT&T (NYSE:T) Stock Price Down 0.9% - What's Next?

AT&T Inc. (NYSE:T - Get Free Report)'s share price fell 0.9% on Monday . The stock traded as low as $27.16 and last traded at $27.36. 4,138,315 shares were traded during trading, a decline of 89% from the average session volume of 36,287,006 shares. The stock had previously closed at $27.61.

Analysts Set New Price Targets

T has been the subject of several research reports. Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective 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. Morgan Stanley restated an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, TD Securities increased their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Price Performance

The business's 50-day moving average price is $27.06 and its 200 day moving average price is $24.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $197.84 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its earnings results 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). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. AT&T's revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.04%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC lifted its stake in AT&T by 12.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 3,987 shares of the technology company's stock worth $113,000 after purchasing an additional 451 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in AT&T during the 1st quarter valued at about $734,000. OneAscent Family Office LLC grew its position in AT&T by 12.3% during the 1st quarter. OneAscent Family Office LLC now owns 11,498 shares of the technology company's stock worth $325,000 after acquiring an additional 1,263 shares during the last quarter. Fountainhead AM LLC purchased a new position in AT&T in the 1st quarter worth approximately $240,000. Finally, Beckerman Institutional LLC bought a new stake in AT&T in the first quarter valued at approximately $207,000. 57.10% of the stock is currently owned by institutional investors.

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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