Analysts Set AT&T Inc. (NYSE:T) PT at $28.90

Shares of AT&T Inc. (NYSE:T) have earned an average rating of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.90.

A number of equities analysts recently commented on T shares. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Tigress Financial increased their target price on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of AT&T by 20.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 40,505 shares of the technology company’s stock valued at $982,000 after purchasing an additional 6,782 shares during the period. Grandfield & Dodd LLC bought a new stake in shares of AT&T in the 4th quarter worth $206,000. Mission Wealth Management LP raised its stake in shares of AT&T by 12.8% in the 4th quarter. Mission Wealth Management LP now owns 47,859 shares of the technology company’s stock worth $1,090,000 after buying an additional 5,423 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in shares of AT&T by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 60,044 shares of the technology company’s stock valued at $1,367,000 after buying an additional 1,010 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $28.33 on Wednesday. The firm has a market cap of $203.82 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 4.02 and a beta of 0.42. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $27.79 and its two-hundred day moving average is $26.12. AT&T has a 52-week low of $18.14 and a 52-week high of $29.19.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. AT&T’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. Analysts forecast that AT&T will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.92%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

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.