AT&T Inc. (NYSE:T) Receives $27.24 Consensus Price Target from Analysts

AT&T Inc. (NYSE:T) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.24.

A number of brokerages have recently issued reports on T. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Thursday. Scotiabank upped their price target on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th.

AT&T Stock Up 0.4 %

Shares of T opened at $27.12 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $24.17. AT&T has a 52 week low of $16.17 and a 52 week high of $29.03. The firm has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T’s dividend payout ratio is currently 74.50%.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently bought and sold shares of T. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC boosted its stake in 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 acquiring an additional 430 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

About AT&T

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.