AT&T Inc. (T) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts hold a Moderate Buy consensus on AT&T: 12 of 22 firms rate it Buy, nine Hold, and one Sell. Their average 12-month price target is $27.56.
• AT&T beat quarterly estimates, reporting EPS of $0.65 versus $0.60 expected and revenue of $32.32 billion, up 5.2% year over year. It declared an annualized dividend of $1.11 per share, a yield of about 5% at the quoted share price.
• Shares opened at $22.15, below their 50-day and 200-day moving averages of $23.57 and $24.88, respectively. Company updates include a satellite-to-phone milestone with AST SpaceMobile and construction of a new headquarters campus in Plano.

AT&T Inc. (NYSE:T - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.56.

T has been the subject of a number of research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of AT&T in a research note on Friday, October 30th. Raymond James Financial decreased their price target on shares of AT&T from $33.00 to $29.00 in a research note on Thursday, October 22nd. Scotiabank lowered their price objective on AT&T from $27.50 to $26.50 and set a "sector perform" rating on the stock in a report on Friday, October 9th. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective on the stock in a report on Thursday, July 23rd. Finally, Citigroup cut their price objective on AT&T from $31.50 to $28.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd.

AT&T News Summary

Here's some of the latest news about T:

• Positive Sentiment: AT&T and AST SpaceMobile were highlighted for a historic satellite call, drawing attention to the potential of satellite-to-phone connectivity. The development could support AT&T’s effort to extend coverage, though the report provides no details on commercial timing or financial impact. Space Stocks Are Complex. York Sinks, AST and AT&T Make Historic Satellite Call.
• Neutral Sentiment: AT&T broke ground on a 54-acre global headquarters campus in Plano, Texas, including new fiber infrastructure. The project signals investment in its workforce and network capabilities, but also entails construction spending and is not an immediate earnings catalyst. AT&T Breaks Ground on New Global Headquarters
• Neutral Sentiment: Elon Musk said SpaceX could acquire a legacy telecom to access spectrum, after reports that AT&T and other carriers declined requests to use their networks. The comments underscore the strategic value of AT&T’s spectrum, but do not indicate a deal or specific financial benefit. Musk Says SpaceX Could Acquire a Legacy Telco

AT&T Price Performance

Shares of NYSE T opened at $22.15 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The firm has a fifty day moving average of $23.57 and a 200 day moving average of $24.88. The firm has a market cap of $149.23 billion, a PE ratio of 11.97, a PEG ratio of 1.10 and a beta of 0.30. AT&T has a one year low of $19.89 and a one year high of $29.43.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. As a group, research analysts predict that AT&T will post 2.40 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. AT&T's payout ratio is currently 60.00%.

Institutional Trading of AT&T

Several large investors have recently made changes to their positions in T. Orion Capital Management LLC purchased a new position in AT&T in the 2nd quarter valued at $26,000. Addison Advisors LLC purchased a new stake in shares of AT&T during the second quarter worth $27,000. Robinswood Financial LLC purchased a new stake in shares of AT&T during the first quarter worth $29,000. United Southern Bank Trust Department purchased a new stake in shares of AT&T during the third quarter worth $30,000. Finally, Matrix Trust Co raised its position in shares of AT&T by 331.8% in the second quarter. Matrix Trust Co now owns 1,494 shares of the technology company's stock valued at $31,000 after buying an additional 1,148 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

About AT&T

AT&T Inc. NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

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