AT&T Inc. (NYSE:T) – Investment analysts at Jefferies Group increased their FY2018 earnings estimates for shares of AT&T in a note issued to investors on Thursday. Jefferies Group analyst M. Mccormack now expects that the technology company will post earnings per share of $3.04 for the year, up from their previous forecast of $2.98. Jefferies Group currently has a “Buy” rating and a $48.00 target price on the stock.
Other equities analysts have also recently issued research reports about the company. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price target on the stock. in a research note on Wednesday, July 26th. Macquarie reissued a “buy” rating and issued a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Barclays PLC dropped their price target on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Morgan Stanley lifted their price target on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.87.
AT&T (NYSE:T) traded up 0.60% during midday trading on Monday, hitting $38.53. 7,235,772 shares of the company traded hands. The stock has a 50 day moving average of $37.84 and a 200 day moving average of $38.48. AT&T has a 12-month low of $35.10 and a 12-month high of $43.03. The stock has a market cap of $236.57 billion, a P/E ratio of 18.11 and a beta of 0.49.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.12%. AT&T’s dividend payout ratio is 92.45%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after purchasing an additional 9,053,649 shares during the last quarter. BlackRock Inc. lifted its holdings in AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock worth $2,446,984,000 after purchasing an additional 3,572,307 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after purchasing an additional 1,263,645 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares during the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.
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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