AT&T Inc. (T) Given Buy Rating at Nomura
AT&T Inc. (NYSE:T)‘s stock had its “buy” rating restated by equities research analysts at Nomura in a research report issued to clients and investors on Wednesday. They presently have a $46.00 price objective on the stock. Nomura’s price target points to a potential upside of 17.65% from the stock’s previous close.
T has been the subject of several other research reports. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Jefferies Group reaffirmed a “buy” rating and set a $48.00 target price on shares of AT&T in a report on Thursday, September 15th. Barclays PLC reaffirmed a “buy” rating and set a $45.00 target price on shares of AT&T in a report on Monday, September 26th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 6th. Finally, Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $42.92 target price for the company. in a report on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.89.
AT&T (NYSE:T) opened at 39.10 on Wednesday. The stock’s 50 day moving average price is $40.47 and its 200 day moving average price is $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 $240.54 billion, a P/E ratio of 16.86 and a beta of 0.30.
AT&T (NYSE:T) last announced its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the 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 net margin of 8.76% and a return on equity of 13.93%. On average, analysts forecast that AT&T will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a yield of 4.91%. AT&T’s dividend payout ratio is presently 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the transaction, the chief executive officer now owns 13,583 shares in the company, valued at $589,230.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bollard Group LLC raised its position in AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock worth $19,496,000 after buying an additional 4,776 shares during the period. Aviva PLC raised its position in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock worth $177,841,000 after buying an additional 237,012 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock worth $35,055,000 after buying an additional 47,100 shares during the period. Community Trust & Investment Co. raised its position in AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock worth $22,307,000 after buying an additional 9,126 shares during the period. Finally, Logan Capital Management Inc. raised its position in AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock worth $28,851,000 after buying an additional 2,079 shares during the period. Institutional investors own 53.64% of the company’s stock.
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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