AT&T (NYSE:T) Stock Price Expected to Rise, Morgan Stanley Analyst Says

AT&T (NYSE:T - Free Report) had its target price boosted by Morgan Stanley from $31.00 to $32.00 in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the technology company's stock.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI raised 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. Barclays lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. TD Securities upped their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Tigress Financial increased their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.17.

AT&T Trading Up 0.2%

T traded up $0.06 during trading on Wednesday, hitting $27.01. The company's stock had a trading volume of 24,439,909 shares, compared to its average volume of 36,425,772. The firm has a market capitalization of $194.32 billion, a P/E ratio of 16.57, a PEG ratio of 3.37 and a beta of 0.42. The stock's fifty day moving average price is $27.77 and its 200-day moving average price is $26.38. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. AT&T has a twelve month low of $18.14 and a twelve month high of $29.19.

AT&T (NYSE:T - Get Free Report) last announced its quarterly 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 the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Analysts anticipate that AT&T will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. David J Yvars Group increased its position in shares of AT&T by 2.8% during the second quarter. David J Yvars Group now owns 13,884 shares of the technology company's stock worth $402,000 after acquiring an additional 372 shares during the period. AllSquare Wealth Management LLC increased its position in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after acquiring an additional 378 shares during the period. Next Level Private LLC increased its position in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares during the period. Barnes Wealth Management Group Inc increased its position in shares of AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock worth $425,000 after acquiring an additional 380 shares during the period. Finally, Kathmere Capital Management LLC increased its position in shares of AT&T by 0.8% during the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company's stock worth $1,470,000 after acquiring an additional 381 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

About AT&T

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.