AT&T (NYSE:T) Stock Price Up 2.8%

AT&T Inc. (NYSE:T - Get Free Report)'s stock price traded up 2.8% during trading on Monday . The company traded as high as $17.28 and last traded at $17.22. 12,774,973 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 39,065,184 shares. The stock had previously closed at $16.75.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, February 1st. StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Thursday. 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. Barclays raised shares of AT&T from an "equal weight" rating to an "overweight" rating and set a $20.00 price objective for the company in a research note on Monday. Finally, TheStreet upgraded shares of AT&T from a "c" rating to a "b-" rating in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average price target of $20.81.

AT&T Stock Up 1.6 %

The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The firm has a market cap of $121.78 billion, a PE ratio of 9.15, a P/E/G ratio of 3.32 and a beta of 0.57. The business's 50-day simple moving average is $16.97 and its 200 day simple moving average is $16.60.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the firm posted $0.60 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Tuesday, April 9th. AT&T's payout ratio is currently 59.68%.

Institutional Trading of AT&T

Large investors have recently bought and sold shares of the stock. Carmel Capital Partners LLC grew its position in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company's stock worth $25,000 after purchasing an additional 1,625 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $25,000. First Pacific Financial lifted its stake in AT&T by 166.7% during the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company's stock valued at $28,000 after acquiring an additional 1,000 shares during the period. Finally, Lipe & Dalton acquired a new stake in AT&T during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.