AT&T (NYSE:T) Stock Price Up 1.5% - Here's What Happened

AT&T Inc. (NYSE:T - Get Free Report)'s stock price traded up 1.5% during trading on Tuesday . The company traded as high as $28.34 and last traded at $28.29. 10,073,859 shares were traded during mid-day trading, a decline of 72% from the average session volume of 36,550,482 shares. The stock had previously closed at $27.86.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. Williams Trading set a $30.00 price objective on shares of AT&T in a report on Thursday, April 24th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank of Canada increased 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. Finally, Oppenheimer upped 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

The firm has a market capitalization of $203.74 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The firm's 50-day moving average price is $27.31 and its two-hundred day moving average price is $25.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is 68.10%.

Institutional Trading of AT&T

A number of large investors have recently bought and sold shares of T. Stone House Investment Management LLC bought a new position in AT&T during the 1st quarter valued at about $25,000. Hager Investment Management Services LLC boosted its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after acquiring an additional 641 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in AT&T during the 1st quarter worth approximately $29,000. Core Alternative Capital grew its position in AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after acquiring an additional 568 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in AT&T during the 4th quarter valued at $25,000. 57.10% of the stock is currently owned by institutional investors.

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.