Several other brokerages have also weighed in on T. Instinet reaffirmed a buy rating and set a $45.00 price objective (down previously from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Vetr upgraded AT&T from a hold rating to a buy rating and set a $43.60 price target on the stock in a report on Monday, February 6th. BTIG Research reiterated a neutral rating on shares of AT&T in a report on Thursday, January 12th. Royal Bank of Canada raised their price objective on shares of AT&T from $39.00 to $42.00 and gave the stock a sector perform rating in a research note on Thursday, January 26th. Finally, Macquarie restated a buy rating and issued a $48.00 price objective on shares of AT&T in a research note on Sunday, January 22nd. Seventeen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $44.16.
Shares of AT&T (NYSE:T) traded up 0.646% on Tuesday, hitting $38.195. 14,668,204 shares of the stock traded hands. The stock has a 50-day moving average price of $39.69 and a 200 day moving average price of $40.43. The stock has a market cap of $234.82 billion, a price-to-earnings ratio of 18.677 and a beta of 0.39. AT&T has a 12-month low of $36.10 and a 12-month high of $43.89.
AT&T (NYSE:T) last announced its 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 net margin of 7.92% and a return on equity of 14.15%. The company had revenue of $39.40 billion during the quarter, compared to analysts’ expectations of $40.50 billion. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts anticipate that AT&T will post $2.91 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were paid a $0.49 dividend. 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 presently 93.78%.
A number of large investors have recently made changes to their positions in T. Delta Asset Management LLC TN boosted its position in shares of AT&T by 1.9% in the third quarter. Delta Asset Management LLC TN now owns 119,074 shares of the technology company’s stock valued at $4,836,000 after buying an additional 2,200 shares during the last quarter. American Research & Management Co. raised its stake in shares of AT&T by 8.0% in the third quarter. American Research & Management Co. now owns 43,228 shares of the technology company’s stock worth $1,755,000 after buying an additional 3,215 shares during the period. Horrell Capital Management Inc. raised its stake in shares of AT&T by 0.3% in the third quarter. Horrell Capital Management Inc. now owns 42,265 shares of the technology company’s stock worth $1,716,000 after buying an additional 128 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in shares of AT&T by 2.5% in the third quarter. Beese Fulmer Investment Management Inc. now owns 162,667 shares of the technology company’s stock worth $6,606,000 after buying an additional 4,018 shares during the period. Finally, Buckingham Asset Management LLC raised its stake in shares of AT&T by 19.6% in the third quarter. Buckingham Asset Management LLC now owns 76,741 shares of the technology company’s stock worth $3,116,000 after buying an additional 12,560 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.
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