AT&T Inc. (NYSE:T - Get Free Report)'s share price dropped 1.5% during mid-day trading on Monday . The stock traded as low as $26.71 and last traded at $26.73. Approximately 8,587,203 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 42,267,316 shares. The stock had previously closed at $27.15.
Analysts Set New Price Targets
T has been the subject of several research analyst reports. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Evercore ISI upped their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday. Finally, Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $28.62.
Check Out Our Latest Report on T
AT&T Stock Performance
The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock's 50 day moving average price is $26.96 and its two-hundred day moving average price is $24.31. The firm has a market capitalization of $192.38 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 3.00 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $30.39 billion. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.14%. AT&T's dividend payout ratio is presently 68.10%.
Institutional Investors Weigh In On AT&T
Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T in the 4th quarter valued at $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $28,000. Finally, Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is currently owned by hedge funds and other 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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