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.
Analyst Upgrades and Downgrades
T has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on AT&T to $22.00 in a report on Friday, July 22nd. Barclays cut AT&T from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $22.00 to $20.00 in a report on Friday, July 22nd. Raymond James restated an "outperform" rating and set a $26.00 price target on shares of AT&T in a report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft cut their price target on AT&T from $24.00 to $22.00 in a report on Friday, July 22nd. Finally, Tigress Financial cut their price target on AT&T from $31.00 to $28.00 in a report on Thursday, June 16th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $23.89.
AT&T Trading Up 0.2 %
Shares of T opened at $18.04 on Friday. The business has a 50-day moving average of $19.91 and a 200 day moving average of $21.49. AT&T has a fifty-two week low of $16.62 and a fifty-two week high of $21.53. The firm has a market cap of $128.55 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.64 and a current ratio of 0.70.
AT&T (NYSE:T - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. AT&T had a return on equity of 13.11% and a net margin of 13.41%. The company had revenue of $29.64 billion during the quarter, compared to analyst estimates of $29.48 billion. During the same quarter last year, the firm posted $0.89 EPS. The firm's revenue for the quarter was down 17.1% on a year-over-year basis. As a group, research analysts forecast that AT&T will post 2.51 EPS for the current year.
AT&T Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders 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 annualized dividend and a yield of 6.15%. AT&T's dividend payout ratio is currently 40.81%.