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 Trading Up 0.4 %
NYSE:T traded up $0.08 during trading hours on Friday, reaching $18.35. 32,726,396 shares of the stock were exchanged, compared to its average volume of 38,202,544. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $20.11 and a two-hundred day moving average of $21.63. AT&T has a twelve month low of $16.62 and a twelve month high of $21.53. The company has a market capitalization of $131.37 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 1.99 and a beta of 0.47.
AT&T (NYSE:T - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The company had revenue of $29.64 billion for the quarter, compared to analysts' expectations of $29.48 billion. AT&T had a return on equity of 13.09% and a net margin of 13.41%. The firm's revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, equities analysts predict that AT&T will post 2.51 EPS for the current year.
AT&T Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Friday, July 8th. AT&T's payout ratio is currently 40.81%.
Analyst Ratings Changes
T has been the subject of several research reports. Wells Fargo & Company cut their price objective on AT&T to $22.00 in a research note on Friday, July 22nd. Wolfe Research dropped their price target on AT&T from $27.00 to $22.00 and set a "peer perform" rating for the company in a research report on Thursday, June 2nd. StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a research report on Monday, July 11th. Citigroup dropped their price target on AT&T from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 12th. Finally, Raymond James restated an "outperform" rating and issued a $26.00 price target on shares of AT&T in a research report on Thursday, July 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of "Hold" and a consensus target price of $23.89.