AT&T Inc. (NYSE:T) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of AT&T Inc. (NYSE:T) have received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Four research 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 analysts that have issued ratings on the stock in the last year is $20.81.

T has been the topic of a number of research reports. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, April 29th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently modified their holdings of the business. Carmel Capital Partners LLC grew its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $25,000. First Pacific Financial increased its holdings in AT&T by 166.7% during the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. Finally, Lipe & Dalton purchased a new stake in AT&T in the 3rd quarter worth approximately $30,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.6 %

Shares of T opened at $17.09 on Friday. The stock’s 50-day moving average price is $16.98 and its two-hundred day moving average price is $16.69. AT&T has a 12 month low of $13.43 and a 12 month high of $18.16. The company has a market capitalization of $122.50 billion, a PE ratio of 9.19, a PEG ratio of 3.32 and a beta of 0.57. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.50%. 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.