AT&T (NYSE:T) Stock Price Up 0.5%

AT&T Inc. (NYSE:T - Get Free Report) shares rose 0.5% during mid-day trading on Thursday . The company traded as high as $16.23 and last traded at $16.20. Approximately 7,314,483 shares changed hands during trading, a decline of 81% from the average daily volume of 38,163,711 shares. The stock had previously closed at $16.12.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. Oppenheimer raised AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised AT&T from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Citigroup raised their price objective on AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $20.68.

AT&T Stock Performance

The stock has a market capitalization of $116.81 billion, a PE ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $17.02 and a 200-day moving average price of $16.48.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.80%. The ex-dividend date is Tuesday, April 9th. AT&T's dividend payout ratio is currently 56.63%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Pineridge Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Carmel Capital Partners LLC grew its holdings in 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 purchasing an additional 1,625 shares during the period. FWL Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $31,000. Finally, Financial Freedom LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Company Profile

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.