AT&T Inc. (NYSE:T) Receives $20.81 Consensus PT from Brokerages

AT&T Inc. (NYSE:T) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.81.

T has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday, April 29th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th.

Hedge Funds Weigh In On AT&T

Several institutional investors and hedge funds have recently made changes to their positions in T. Texas Capital Bank Wealth Management Services Inc increased its position in AT&T by 1.7% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock worth $589,000 after buying an additional 598 shares during the period. Klingman & Associates LLC increased its position in AT&T by 3.1% during the first quarter. Klingman & Associates LLC now owns 19,889 shares of the technology company’s stock worth $350,000 after acquiring an additional 603 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. JB Capital LLC boosted its holdings in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after purchasing an additional 614 shares during the period. Finally, Fortitude Family Office LLC grew its position in shares of AT&T by 1.5% during the 1st quarter. Fortitude Family Office LLC now owns 41,595 shares of the technology company’s stock worth $732,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

Shares of NYSE:T opened at $17.18 on Friday. The firm has a market cap of $123.18 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.32 and a beta of 0.57. AT&T has a 12 month low of $13.43 and a 12 month high of $18.16. The company’s fifty day simple moving average is $16.98 and its 200 day simple moving average is $16.70. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. As a group, research analysts forecast that AT&T will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.