AT&T Inc. (T) Stock Rating Reaffirmed by Jefferies Group
AT&T Inc. (NYSE:T)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a report released on Tuesday.
A number of other equities research analysts also recently commented on T. Pacific Crest restated a “hold” rating on shares of AT&T in a research report on Wednesday, September 7th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of AT&T in a research report on Tuesday, November 8th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $40.71 target price for the company in a report on Thursday, October 20th. Independent Research GmbH raised shares of AT&T from a “sell” rating to a “hold” rating and increased their target price for the company from $36.00 to $39.00 in a report on Wednesday, October 26th. Finally, Barclays PLC cut shares of AT&T from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $45.00 to $39.00 in a report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.24.
AT&T (NYSE:T) opened at 39.54 on Tuesday. The firm has a market capitalization of $242.82 billion, a PE ratio of 16.82 and a beta of 0.35. The stock’s 50 day moving average price is $37.69 and its 200 day moving average price is $40.25. AT&T has a one year low of $33.01 and a one year high of $43.89.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Wednesday, October 5th. AT&T’s dividend payout ratio is currently 81.70%.
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In related news, Director Geoffrey Y. Yang purchased 27,129 shares of AT&T stock in a transaction dated Tuesday, October 25th. The stock was bought at an average cost of $36.91 per share, with a total value of $1,001,331.39. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in T. Proficio Capital Partners LLC raised its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners raised its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC raised its stake in AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock worth $110,000 after buying an additional 100 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in AT&T during the second quarter worth about $117,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in AT&T during the third quarter worth about $127,000. 52.95% of the stock is owned by institutional investors and hedge funds.
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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