AT&T Inc. (T) Stock Rating Upgraded by Vetr Inc.
AT&T Inc. (NYSE:T) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $41.50 price objective on the stock. Vetr‘s price target suggests a potential upside of 5.98% from the stock’s current price.
A number of other research analysts have also recently issued reports on T. Buckingham Research cut AT&T from a “buy” rating to a “neutral” rating and lifted their target price for the company from $30.97 to $39.56 in a research report on Friday, June 24th. They noted that the move was a valuation call. Barclays PLC started coverage on AT&T in a research report on Monday, June 27th. They issued a “buy” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $41.00 target price on shares of AT&T in a research report on Tuesday, June 28th. Deutsche Bank AG lifted their target price on AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 28th. Finally, Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.57.
Shares of AT&T (NYSE:T) opened at 39.16 on Tuesday. The company has a 50 day moving average of $40.73 and a 200-day moving average of $40.52. AT&T has a 12 month low of $32.22 and a 12 month high of $43.89. The firm has a market capitalization of $240.91 billion, a P/E ratio of 16.89 and a beta of 0.30.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. Analysts predict that AT&T will post $2.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a yield of 4.90%. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. increased its position in AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the last quarter. Delphi Private Advisors LLC increased its position in AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the last quarter. Cohen Lawrence B increased its position in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the last quarter. Finally, Highland Private Wealth Management increased its position in AT&T by 0.6% in the second quarter. Highland Private Wealth Management now owns 10,720 shares of the company’s stock valued at $464,000 after buying an additional 60 shares during the last quarter. Institutional investors own 53.64% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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