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 Down 0.5 %
Shares of NYSE:T opened at $18.01 on Thursday. AT&T has a 12-month low of $16.62 and a 12-month high of $21.53. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.96. The firm has a market cap of $128.93 billion, a PE ratio of 6.62, a P/E/G ratio of 1.99 and a beta of 0.47. The company's fifty day simple moving average is $19.98 and its 200 day simple moving average is $21.51.
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, beating 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 business had revenue of $29.64 billion during the quarter, compared to the consensus estimate of $29.48 billion. During the same quarter last year, the firm posted $0.89 EPS. AT&T's revenue was down 17.1% compared to the same quarter last year. As a group, sell-side analysts forecast that AT&T will post 2.51 earnings per share for the current fiscal year.
AT&T Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Friday, July 8th. AT&T's dividend payout ratio (DPR) is presently 40.81%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on T. Wells Fargo & Company reduced their price objective on shares of AT&T to $22.00 in a research report on Friday, July 22nd. Cowen decreased their price target on shares of AT&T from $27.00 to $24.00 and set a "market perform" rating on the stock in a research note on Friday, July 22nd. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Monday, April 25th. They set a "buy" rating and a $23.00 price objective for the company. Raymond James reaffirmed an "outperform" rating and issued a $26.00 target price on shares of AT&T in a research report on Thursday, July 7th. Finally, Truist Financial decreased their price objective on AT&T to $21.00 in a report on Friday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.89.