AT&T’s (T) Hold Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reiterated their hold rating on shares of AT&T Inc. (NYSE:T) in a research report released on Saturday, April 29th. They currently have a $41.00 target price on the technology company’s stock, down from their previous target price of $42.00.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Co reaffirmed an outperform rating on shares of AT&T in a report on Tuesday, April 11th. Jefferies Group LLC reiterated a buy rating and issued a $48.00 price objective on shares of AT&T in a research report on Wednesday, April 19th. Vetr lowered AT&T from a buy rating to a hold rating and set a $43.32 price objective for the company. in a research report on Monday, January 30th. Barclays PLC reiterated a hold rating and issued a $41.00 price objective on shares of AT&T in a research report on Thursday, January 12th. Finally, Argus restated a buy rating and set a $51.00 price target on shares of AT&T in a research report on Monday, April 10th. Seventeen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $44.16.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm had revenue of $39.40 billion during the quarter, compared to analysts’ expectations of $40.50 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter 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 position in 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 last quarter. Tortoise Investment Management LLC boosted its position in 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 last quarter. Colony Group LLC boosted its position in 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 last quarter. Finally, Cornerstone Investment Partners LLC boosted its position in 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 last quarter. 53.90% of the stock is owned by hedge funds and other institutional investors.

About AT&T

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.

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