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

Shares of AT&T Inc. (NYSE:T - Get Free Report) fell 0.2% on Tuesday . The company traded as low as $17.22 and last traded at $17.22. 4,573,648 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 37,790,387 shares. The stock had previously closed at $17.26.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Scotiabank lifted their target price on shares of AT&T from $22.00 to $22.50 and gave the company a "sector outperform" rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of AT&T from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on AT&T from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.81.

AT&T Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $123.94 billion, a PE ratio of 9.26, a P/E/G ratio of 3.38 and a beta of 0.57. The company's 50-day moving average is $17.00 and its 200 day moving average is $16.75.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T's dividend payout ratio is currently 59.68%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Congress Wealth Management LLC DE grew its stake in AT&T by 38.6% during the third quarter. Congress Wealth Management LLC DE now owns 29,231 shares of the technology company's stock valued at $439,000 after acquiring an additional 8,138 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new position in shares of AT&T in the 3rd quarter worth $182,000. Panagora Asset Management Inc. raised its position in shares of AT&T by 138.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 449,297 shares of the technology company's stock valued at $6,748,000 after buying an additional 260,613 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in shares of AT&T in the 3rd quarter valued at about $179,000. Finally, Smallwood Wealth Investment Management LLC grew its position in AT&T by 8.8% in the third quarter. Smallwood Wealth Investment Management LLC now owns 33,236 shares of the technology company's stock worth $499,000 after acquiring an additional 2,698 shares in the last quarter. Institutional investors 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.