AT&T (NYSE:T) Trading Up 0.2%

AT&T Inc. (NYSE:T - Get Free Report)'s share price was up 0.2% on Monday . The company traded as high as $16.54 and last traded at $16.34. Approximately 8,881,672 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 38,039,066 shares. The stock had previously closed at $16.31.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on T. Citigroup upped their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $17.00 price objective on shares of AT&T in a research note on Thursday. StockNews.com cut shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised shares of AT&T from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $20.68.

AT&T Trading Down 0.4 %

The firm has a market cap of $116.20 billion, a PE ratio of 8.34, a P/E/G ratio of 2.46 and a beta of 0.57. The company's fifty day moving average price is $17.10 and its two-hundred day moving average price is $16.47. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to analysts' expectations of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.83%. The ex-dividend date is Tuesday, April 9th. AT&T's dividend payout ratio (DPR) is 56.63%.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in T. Carmel Capital Partners LLC raised its position in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company's stock valued at $25,000 after buying an additional 1,625 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $25,000. Lipe & Dalton purchased a new stake in AT&T in the third quarter valued at approximately $30,000. Finally, Ramirez Asset Management Inc. purchased a new stake in AT&T in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.