Deutsche Bank AG Lowers AT&T Inc. (T) Price Target to $41.00
AT&T Inc. (NYSE:T) had its price objective reduced by equities research analysts at Deutsche Bank AG from $45.00 to $41.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 11.50% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Jefferies Group restated a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Argus reaffirmed a “buy” rating and issued a $51.00 price target (up previously from $45.00) on shares of AT&T in a research report on Tuesday, July 26th. S&P Equity Research set a $46.00 price target on shares of AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and a consensus target price of $41.29.
Shares of AT&T (NYSE:T) opened at 36.77 on Monday. The stock has a market capitalization of $225.80 billion, a price-to-earnings ratio of 15.64 and a beta of 0.35. AT&T has a 12-month low of $32.22 and a 12-month high of $43.89. The stock’s 50 day moving average is $38.45 and its 200-day moving average is $40.30.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.22%. AT&T’s dividend payout ratio (DPR) is presently 81.70%.
In other AT&T news, Director Geoffrey Y. Yang purchased 27,129 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was bought at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Smith Moore & CO. raised its position in shares of AT&T by 21.4% in the first quarter. Smith Moore & CO. now owns 73,790 shares of the company’s stock valued at $2,890,000 after buying an additional 13,010 shares during the period. Credit Agricole S A raised its position in AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock worth $207,598,000 after buying an additional 593,693 shares during the period. Willis Investment Counsel raised its position in AT&T by 7.5% in the first quarter. Willis Investment Counsel now owns 496,759 shares of the company’s stock worth $19,458,000 after buying an additional 34,539 shares during the period. Canada Pension Plan Investment Board raised its position in AT&T by 7.8% in the first quarter. Canada Pension Plan Investment Board now owns 5,152,219 shares of the company’s stock worth $201,812,000 after buying an additional 372,286 shares during the period. Finally, Pegasus Partners Ltd. raised its position in AT&T by 17.3% in the first quarter. Pegasus Partners Ltd. now owns 69,830 shares of the company’s stock worth $2,735,000 after buying an additional 10,281 shares during the period. 53.83% of the stock is currently owned by institutional investors.
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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