Brokerages Set AT&T Inc. (NYSE:T) PT at $41.33
Shares of AT&T Inc. (NYSE:T) have been given an average recommendation of “Hold” by the thirty analysts that are presently covering the firm. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.27.
T has been the subject of a number of recent analyst reports. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, June 29th. Deutsche Bank AG upped their price target on AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 28th. Barclays PLC initiated coverage on AT&T in a research report on Monday, June 27th. They set a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating and set a $44.00 price target on shares of AT&T in a research report on Thursday, July 21st. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research report on Friday, July 22nd.
In related news, CEO John T. Stankey sold 2,131 shares of the firm’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 transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Cue Financial Group Inc. boosted its position in shares of AT&T by 23.5% in the first quarter. Cue Financial Group Inc. now owns 19,399 shares of the company’s stock worth $760,000 after buying an additional 3,690 shares in the last quarter. Culbertson A N & Co. Inc. bought a new position in shares of AT&T during the first quarter worth approximately $4,928,000. Gierl Augustine Investment Management Inc boosted its position in shares of AT&T by 10.1% in the first quarter. Gierl Augustine Investment Management Inc now owns 75,959 shares of the company’s stock worth $2,975,000 after buying an additional 6,972 shares in the last quarter. Burke & Herbert Bank & Trust Co. boosted its position in shares of AT&T by 3.7% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 41,006 shares of the company’s stock worth $1,606,000 after buying an additional 1,448 shares in the last quarter. Finally, TNB Financial boosted its position in shares of AT&T by 28.0% in the first quarter. TNB Financial now owns 81,239 shares of the company’s stock worth $3,181,000 after buying an additional 17,769 shares in the last quarter. 53.64% of the stock is currently owned by institutional investors.
Shares of AT&T (NYSE:T) opened at 39.16 on Monday. The company has a market capitalization of $240.91 billion, a P/E ratio of 16.89 and a beta of 0.30. AT&T has a one year low of $32.22 and a one year high of $43.89. The firm has a 50-day moving average price of $40.73 and a 200-day moving average price of $40.52.
AT&T (NYSE:T) last issued its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. Equities analysts forecast that AT&T will post $2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued 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 is currently 83.12%.
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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