AT&T’s (T) Buy Rating Reaffirmed at Deutsche Bank AG
T has been the subject of several other reports. Zacks Investment Research downgraded shares of AT&T from a hold rating to a sell rating in a research report on Monday, October 3rd. Jefferies Group reissued a buy rating and set a $48.00 target price on shares of AT&T in a research report on Thursday, September 15th. Barclays PLC reaffirmed a buy rating and issued a $45.00 price objective on shares of AT&T in a research report on Monday, September 26th. Wells Fargo & Co. reaffirmed a buy rating on shares of AT&T in a research 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 price objective for the company. in a research report on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $41.89.
AT&T (NYSE:T) opened at 39.10 on Tuesday. The firm has a market cap of $240.54 billion, a P/E ratio of 16.86 and a beta of 0.30. AT&T has a 12-month low of $32.22 and a 12-month high of $43.89. The firm’s 50-day moving average price is $40.47 and its 200 day moving average price is $40.52.
AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company 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%. Analysts forecast that AT&T will post $2.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now 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 Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its position in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners raised its position in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC raised its position in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC acquired a new position in AT&T during the second quarter valued at approximately $117,000. Finally, Invictus RG raised its position in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares in the last quarter. 53.64% of the stock is currently owned by institutional investors.
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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