AT&T (NYSE:T) Trading 0.8% Higher – Still a Buy?

AT&T Inc. (NYSE:T) rose 0.8% during mid-day trading on Friday . The stock traded as high as $24.55 and last traded at $24.64. Approximately 5,221,765 shares were traded during trading, a decline of 86% from the average daily volume of 37,527,152 shares. The stock had previously closed at $24.45.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Trading Up 0.4 %

The company has a 50 day moving average of $23.01 and a 200 day moving average of $21.77. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.52%. AT&T’s dividend payout ratio is presently 74.50%.

Institutional Trading of AT&T

A number of hedge funds have recently made changes to their positions in T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.