AT&T (NYSE:T) Trading 0.9% Higher

AT&T Inc. (NYSE:T - Get Free Report) traded up 0.9% on Tuesday . The company traded as high as $16.49 and last traded at $16.45. 10,971,878 shares traded hands during trading, a decline of 71% from the average session volume of 38,406,129 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TheStreet upgraded AT&T from a "c" rating to a "b-" rating in a research report on Wednesday, January 24th. Oppenheimer raised AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research note on Friday, January 19th. 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 note on Thursday, February 1st. Barclays raised their price objective on AT&T from $17.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 31st. Finally, Tigress Financial raised their price objective on AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.50.

AT&T Stock Up 1.2 %

The company has a 50 day moving average of $16.98 and a 200-day moving average of $16.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market capitalization of $118.09 billion, a P/E ratio of 8.42, a PEG ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.72%. AT&T's payout ratio is 56.63%.

Institutional Trading of AT&T

Several large investors have recently bought and sold shares of the company. Sage Mountain Advisors LLC lifted its holdings in shares of AT&T by 79.9% during the first quarter. Sage Mountain Advisors LLC now owns 32,675 shares of the technology company's stock valued at $575,000 after purchasing an additional 14,517 shares during the last quarter. Community Financial Services Group LLC purchased a new position in shares of AT&T during the first quarter valued at approximately $255,000. Tyche Wealth Partners LLC lifted its holdings in shares of AT&T by 2.3% during the first quarter. Tyche Wealth Partners LLC now owns 62,732 shares of the technology company's stock valued at $1,104,000 after purchasing an additional 1,417 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of AT&T by 5.7% during the first quarter. Fifth Third Bancorp now owns 910,168 shares of the technology company's stock valued at $16,019,000 after purchasing an additional 49,335 shares during the last quarter. Finally, McAdam LLC lifted its holdings in shares of AT&T by 29.5% during the first quarter. McAdam LLC now owns 32,810 shares of the technology company's stock valued at $577,000 after purchasing an additional 7,473 shares during the last quarter. 57.10% of the stock is owned by 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.