AT&T Inc. (NYSE:T) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of AT&T Inc. (NYSE:TGet Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, 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 target price among brokerages that have updated their coverage on the stock in the last year is $20.81.

Several equities analysts have recently weighed in on T shares. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Monday, April 29th. Scotiabank upped their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Tigress Financial upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th.

Get Our Latest Analysis on AT&T

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in AT&T in the 4th quarter valued at $25,000. First Pacific Financial grew its position in AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Ramirez Asset Management Inc. acquired a new stake in AT&T in the 3rd quarter valued at $30,000. Finally, HighMark Wealth Management LLC grew its position in AT&T by 58.2% in the 1st quarter. HighMark Wealth Management LLC now owns 2,204 shares of the technology company’s stock valued at $41,000 after purchasing an additional 811 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.2 %

AT&T stock opened at $17.50 on Tuesday. The stock has a market capitalization of $125.48 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. AT&T has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $17.05 and a 200-day moving average of $16.88.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.34%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

AT&T Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for AT&T (NYSE:T)

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