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 recent research reports. Barclays downgraded AT&T from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $22.00 to $20.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on AT&T from $24.00 to $22.00 in a research report on Friday, July 22nd. Wells Fargo & Company reduced their price target on AT&T to $22.00 in a research report on Friday, July 22nd. Tigress Financial cut their price objective on AT&T from $31.00 to $28.00 in a research report on Thursday, June 16th. Finally, StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Monday, August 8th. Eleven equities research 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 company presently has an average rating of "Hold" and an average price target of $23.89.
AT&T Stock Performance
Shares of NYSE:T opened at $18.57 on Wednesday. AT&T has a 12-month low of $16.62 and a 12-month high of $21.53. The stock has a 50 day simple moving average of $19.70 and a 200-day simple moving average of $21.26. The company has a market cap of $132.33 billion, a PE ratio of 6.83, a P/E/G ratio of 1.98 and a beta of 0.47. 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 (NYSE:T - Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. AT&T had a net margin of 13.41% and a return on equity of 13.11%. The firm had revenue of $29.64 billion during the quarter, compared to analyst estimates of $29.48 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company's quarterly revenue was down 17.1% compared to the same quarter last year. On average, equities research analysts forecast that AT&T will post 2.51 EPS for the current year.
AT&T Cuts Dividend
The firm 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 dividend on an annualized basis and a yield of 5.98%. AT&T's payout ratio is 40.81%.