Shares of AT&T Inc. (NYSE:T) have earned a consensus rating of “Hold” from the twenty-eight brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $42.97.
T has been the topic of a number of recent research reports. Macquarie reaffirmed a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Thursday, August 24th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective for the company. in a report on Wednesday, July 26th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 11th. Finally, Barclays PLC dropped their price objective on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, July 14th.
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In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Taylor Wealth Management Partners boosted its holdings 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 valued at $106,000 after buying an additional 11 shares during the period. Israel Discount Bank of New York lifted its stake in AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after acquiring an additional 25 shares during the last quarter. Cedar Wealth Management LLC lifted its stake in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after acquiring an additional 50 shares during the last quarter. Greatmark Investment Partners Inc. lifted its stake in AT&T by 0.4% in the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after acquiring an additional 53 shares during the last quarter. Finally, Cim LLC lifted its stake in AT&T by 1.0% in the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 55.08% of the company’s stock.
Shares of AT&T (NYSE:T) opened at 33.65 on Wednesday. The stock has a market cap of $206.61 billion, a P/E ratio of 15.81 and a beta of 0.49. AT&T has a 52 week low of $33.33 and a 52 week high of $43.03. The stock has a 50 day moving average price of $37.01 and a 200-day moving average price of $37.84.
AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts predict that AT&T will post $2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s dividend payout ratio (DPR) is 94.69%.
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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