AT&T Inc. (NYSE:T) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $39.81 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 2.79% from the stock’s previous close.

Several other research analysts also recently issued reports on T. Jefferies Group reissued a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research report on Monday, July 25th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Argus restated a “buy” rating and issued a $51.00 target price (up previously from $45.00) on shares of AT&T in a research note on Tuesday, July 26th. Finally, Barclays PLC restated a “buy” rating and issued a $45.00 target price on shares of AT&T in a research note on Monday, September 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.24.

Analyst Recommendations for AT&T (NYSE:T)

AT&T (NYSE:T) opened at 38.73 on Tuesday. The firm has a market cap of $237.84 billion, a P/E ratio of 16.47 and a beta of 0.35. The firm has a 50 day moving average of $37.71 and a 200-day moving average of $40.24. AT&T has a 12 month low of $33.01 and a 12 month high of $43.89.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were given 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 4.96%. AT&T’s payout ratio is currently 81.70%.

In other news, Director Geoffrey Y. Yang bought 27,129 shares of AT&T stock in a transaction dated Tuesday, October 25th. The shares were acquired at an average cost of $36.91 per share, with a total value of $1,001,331.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock valued at $16,598,555,000 after buying an additional 9,838,198 shares during the last quarter. Evercore Trust Company N.A. raised its stake in AT&T by 0.3% in the third quarter. Evercore Trust Company N.A. now owns 202,926,888 shares of the company’s stock valued at $8,240,861,000 after buying an additional 534,638 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in AT&T by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 163,369,214 shares of the company’s stock valued at $6,634,424,000 after buying an additional 818,722 shares during the last quarter. BlackRock Fund Advisors raised its stake in AT&T by 19.1% in the third quarter. BlackRock Fund Advisors now owns 100,803,982 shares of the company’s stock valued at $4,093,650,000 after buying an additional 16,152,256 shares during the last quarter. Finally, FMR LLC raised its stake in AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock valued at $3,498,528,000 after buying an additional 4,882,241 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

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About AT&T

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.

5 Day Chart for NYSE:T

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