AT&T - T Stock Forecast, Price & News

AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.

AT&T Stock Up 1.3 %

T Stock traded up $0.23 during midday trading on Friday, hitting $18.27. The company's stock had a trading volume of 25,822,303 shares, compared to its average volume of 42,057,768. The firm's 50-day moving average is $19.80 and its 200-day moving average is $21.37. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.96. AT&T has a 12 month low of $16.62 and a 12 month high of $21.53. The company has a market cap of $130.19 billion, a PE ratio of 6.72, a P/E/G ratio of 1.95 and a beta of 0.47.

AT&T (NYSE:T - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. AT&T had a return on equity of 13.11% and a net margin of 13.41%. The firm had revenue of $29.64 billion for the quarter, compared to the consensus estimate of $29.48 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company's quarterly revenue was down 17.1% on a year-over-year basis. On average, equities research analysts forecast that AT&T will post 2.51 earnings per share for the current fiscal year.

AT&T Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 8th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.08%. AT&T's dividend payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on T shares. Cowen reduced their price objective on shares of AT&T from $27.00 to $24.00 and set a "market perform" rating on the stock in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on AT&T from $24.00 to $22.00 in a research report on Friday, July 22nd. Truist Financial decreased their target price on AT&T to $21.00 in a research report on Friday, July 22nd. Royal Bank of Canada dropped their price target on AT&T from $30.00 to $20.00 and set a "sector perform" rating on the stock in a research report on Monday, April 25th. Finally, Wolfe Research decreased their price objective on AT&T from $27.00 to $22.00 and set a "peer perform" rating for the company in a report on Thursday, June 2nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $23.89.