AT&T (NYSE:T) Shares Down 1.5%

AT&T Inc. (NYSE:T - Get Free Report)'s share price fell 1.5% during trading on Tuesday . The company traded as low as $15.98 and last traded at $16.00. 14,588,384 shares changed hands during trading, a decline of 62% from the average session volume of 38,166,844 shares. The stock had previously closed at $16.24.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on T. StockNews.com downgraded shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. Tigress Financial raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. TheStreet upgraded shares of AT&T from a "c" rating to a "b-" rating in a research note on Wednesday, January 24th. Oppenheimer raised shares of AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Friday, January 19th. Finally, Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $20.68.

AT&T Price Performance

The business's 50 day moving average is $17.07 and its 200-day moving average is $16.48. The firm has a market capitalization of $115.09 billion, a P/E ratio of 8.16, a PEG ratio of 2.46 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.

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 analysts' consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion during 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 last year, the business earned $0.61 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.90%. AT&T's dividend payout ratio (DPR) is 56.63%.

Institutional Trading of AT&T

A number of hedge funds have recently added to or reduced their stakes in T. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company's stock valued at $1,119,000 after acquiring an additional 547 shares during the period. SMH Capital Advisors Inc. grew its holdings in shares of AT&T by 1.8% in the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company's stock worth $585,000 after purchasing an additional 565 shares during the last quarter. Kahn Brothers Group Inc. grew its holdings in shares of AT&T by 3.4% in the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company's stock worth $319,000 after purchasing an additional 575 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of AT&T by 1.7% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company's stock worth $589,000 after purchasing an additional 598 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company's stock worth $39,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

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.