AT&T (NYSE:T) Share Price Passes Above 200 Day Moving Average – What’s Next?

AT&T Inc. (NYSE:TGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.94 and traded as high as $22.78. AT&T shares last traded at $22.61, with a volume of 25,406,988 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on T. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.53.

Check Out Our Latest Report on AT&T

AT&T Stock Up 0.7 %

The firm’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $21.01. The company has a market capitalization of $163.38 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.87%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management grew its holdings in shares of AT&T by 4.6% in the second quarter. Ritholtz Wealth Management now owns 64,292 shares of the technology company’s stock valued at $1,229,000 after purchasing an additional 2,834 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of AT&T by 19.4% in the second quarter. Natixis Advisors LLC now owns 1,807,771 shares of the technology company’s stock worth $34,547,000 after acquiring an additional 294,131 shares in the last quarter. Financial Counselors Inc. increased its position in shares of AT&T by 0.6% during the second quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 539 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of AT&T by 29.6% in the second quarter. Resonant Capital Advisors LLC now owns 14,504 shares of the technology company’s stock valued at $277,000 after acquiring an additional 3,316 shares in the last quarter. Finally, Advanced Asset Management Advisors Inc boosted its holdings in AT&T by 2,301.5% in the second quarter. Advanced Asset Management Advisors Inc now owns 343,373 shares of the technology company’s stock valued at $6,562,000 after purchasing an additional 329,075 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

(Get Free Report)

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.

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