AT&T Inc. (NYSE:T - Get Free Report) was up 0% during trading on Thursday . The stock traded as high as $27.71 and last traded at $27.47. Approximately 6,882,323 shares traded hands during trading, a decline of 83% from the average daily volume of 40,589,695 shares. The stock had previously closed at $27.47.
Analyst Upgrades and Downgrades
T has been the topic of a number of research analyst reports. Tigress Financial increased their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Royal Bank of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.
Check Out Our Latest Stock Report on AT&T
AT&T Trading Down 0.1%
The firm has a 50 day moving average of $27.28 and a 200 day moving average of $25.01. The firm has a market cap of $197.41 billion, a PE ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.
AT&T (NYSE:T - Get Free Report) last posted 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). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The company's revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.05%. AT&T's dividend payout ratio is currently 68.10%.
Institutional Trading of AT&T
Hedge funds have recently made changes to their positions in the stock. Stone House Investment Management LLC bought a new stake in shares of AT&T in the 1st quarter worth approximately $25,000. Hager Investment Management Services LLC lifted 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 worth $28,000 after purchasing an additional 641 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in AT&T during the first quarter valued at about $29,000. Core Alternative Capital boosted its position in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Finally, Capital A Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter valued at about $25,000. 57.10% of the stock is owned by institutional investors.
AT&T Company Profile
(
Get Free Report)
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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