AT&T (NYSE:T) Trading 0.1% Higher

Shares of AT&T Inc. (NYSE:T) traded up 0.1% on Friday . The stock traded as high as $16.46 and last traded at $16.44. 8,039,722 shares traded hands during trading, a decline of 79% from the average session volume of 37,997,188 shares. The stock had previously closed at $16.42.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Trading Down 0.7 %

The company has a 50 day moving average of $17.10 and a 200-day moving average of $16.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The stock has a market cap of $116.66 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same period in the previous year, the company posted $0.61 EPS. AT&T’s revenue was up 2.2% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Institutional Investors Weigh In On AT&T

Hedge funds have recently bought and sold shares of the stock. Pineridge Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $25,000. Carmel Capital Partners LLC raised its position in shares of 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 worth $25,000 after acquiring an additional 1,625 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $31,000. Finally, Financial Freedom LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

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.