AT&T’s (T) Neutral Rating Reiterated at Moffett Nathanson
Several other analysts have also issued reports on the stock. KeyCorp restated a hold rating on shares of AT&T in a report on Wednesday, October 11th. Royal Bank Of Canada reiterated a hold rating and set a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. Zacks Investment Research lowered shares of AT&T from a buy rating to a hold rating in a research note on Thursday, October 12th. Vetr upgraded shares of AT&T from a buy rating to a strong-buy rating and set a $41.56 price target on the stock in a research note on Monday, July 10th. Finally, BidaskClub upgraded shares of AT&T from a strong sell rating to a sell rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $43.57.
AT&T (T) opened at 35.69 on Monday. AT&T has a 1-year low of $35.10 and a 1-year high of $43.03. The stock has a market cap of $219.14 billion, a P/E ratio of 16.77 and a beta of 0.49. The company has a 50-day moving average of $37.54 and a 200 day moving average of $38.24.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Analysts predict that AT&T will post $2.94 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Friday, October 6th. AT&T’s payout ratio is currently 92.45%.
Several hedge funds have recently bought and sold shares of the company. Taylor Wealth Management Partners boosted its holdings in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the period. Israel Discount Bank of New York boosted its holdings in shares of AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after acquiring an additional 25 shares during the period. Cedar Wealth Management LLC raised its stake in shares of AT&T by 0.9% during the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after purchasing an additional 50 shares during the last quarter. Greatmark Investment Partners Inc. raised its stake in shares of AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after purchasing an additional 53 shares during the last quarter. Finally, Cim LLC raised its stake in shares of AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after purchasing an additional 62 shares during the last quarter. 54.97% of the stock is owned by institutional investors and hedge funds.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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