AT&T Inc. (T) Earns Hold Rating from Deutsche Bank AG

Deutsche Bank AG reiterated their hold rating on shares of AT&T Inc. (NYSE:T) in a research note issued to investors on Saturday, April 29th. The firm currently has a $41.00 price target on the technology company’s stock, down from their previous price target of $42.00.

Other analysts have also recently issued reports about the company. Instinet reiterated a buy rating and issued a $45.00 price objective (down from $46.00) on shares of AT&T in a research note on Sunday, April 2nd. Vetr upgraded AT&T from a hold rating to a buy rating and set a $43.60 price objective on the stock in a research note on Monday, February 6th. Royal Bank of Canada increased their price objective on AT&T from $39.00 to $42.00 and gave the company a sector perform rating in a research note on Thursday, January 26th. BTIG Research restated a neutral rating on shares of AT&T in a research note on Thursday, January 12th. Finally, Macquarie restated a buy rating and issued a $48.00 price target on shares of AT&T in a research note on Sunday, January 22nd. Seventeen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $44.16.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. During the same period last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis.

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The firm also recently declared a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.16%. AT&T’s dividend payout ratio (DPR) is 93.78%.

Hedge funds have recently made changes to their positions in the company. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of AT&T by 0.3% in the first quarter. Sunbelt Securities Inc. now owns 5,007 shares of the technology company’s stock worth $208,000 after buying an additional 13 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Tortoise Investment Management LLC now owns 6,993 shares of the technology company’s stock worth $291,000 after buying an additional 23 shares during the period. Colony Group LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Colony Group LLC now owns 8,078 shares of the technology company’s stock worth $336,000 after buying an additional 23 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock worth $398,000 after buying an additional 30 shares during the period. 53.90% of the stock is owned by hedge funds and other institutional investors.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

5 Day Chart for NYSE:T

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