Investment Analysts’ Recent Ratings Changes for AT&T (T)

AT&T (NYSE: T) has recently received a number of price target changes and ratings updates:

• 4/29/2024 – AT&T was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $20.00 price target on the stock.
• 4/25/2024 – AT&T had its price target raised by analysts at Scotiabank from $22.00 to $22.50. They now have a “sector outperform” rating on the stock.
• 4/25/2024 – AT&T was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/11/2024 – AT&T had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $17.00 price target on the stock.
• 4/4/2024 – AT&T was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/27/2024 – AT&T was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/11/2024 – AT&T was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/5/2024 – AT&T was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $21.00 price target on the stock.

AT&T Stock Up 0.2 %

Shares of AT&T stock opened at $16.92 on Thursday. The company has a market cap of $121.03 billion, a P/E ratio of 9.10, a PEG ratio of 3.38 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The firm has a fifty day moving average of $16.96 and a two-hundred day moving average of $16.62.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.56%. AT&T’s payout ratio is currently 59.68%.

Hedge Funds Weigh In On AT&T

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sora Investors LLC acquired a new position in shares of AT&T during the 3rd quarter worth $11,265,000. Checchi Capital Advisers LLC grew its stake in shares of AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares during the period. Retireful LLC acquired a new stake in AT&T in the 4th quarter valued at about $1,163,000. Terril Brothers Inc. grew its stake in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after acquiring an additional 202,637 shares during the last quarter. Finally, Breakwater Capital Group grew its stake in AT&T by 10.5% in the 4th quarter. Breakwater Capital Group now owns 30,770 shares of the technology company’s stock valued at $517,000 after acquiring an additional 2,927 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

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.