AT&T Inc. (NYSE:T) Given Consensus Rating of “Moderate Buy” by Brokerages

AT&T Inc. (NYSE:T) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.40.

A number of research firms recently weighed in on T. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Moffett Nathanson raised their target price on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. Barclays increased their price target on AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Soltis Investment Advisors LLC lifted its holdings in AT&T by 23.4% in the 3rd quarter. Soltis Investment Advisors LLC now owns 15,504 shares of the technology company’s stock worth $341,000 after purchasing an additional 2,941 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of AT&T by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 197,315 shares of the technology company’s stock valued at $4,341,000 after purchasing an additional 854 shares during the period. Fortem Financial Group LLC raised its stake in shares of AT&T by 69.1% in the 3rd quarter. Fortem Financial Group LLC now owns 42,471 shares of the technology company’s stock valued at $934,000 after buying an additional 17,353 shares in the last quarter. Asset Allocation Strategies LLC lifted its stake in AT&T by 22.6% during the third quarter. Asset Allocation Strategies LLC now owns 13,163 shares of the technology company’s stock worth $290,000 after purchasing an additional 2,429 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in AT&T by 1.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 374,423 shares of the technology company’s stock valued at $8,240,000 after buying an additional 3,909 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 1.4 %

Shares of T stock opened at $22.99 on Tuesday. The firm has a market cap of $164.96 billion, a P/E ratio of 18.69, a PEG ratio of 3.40 and a beta of 0.59. The firm’s 50-day simple moving average is $21.92 and its 200-day simple moving average is $19.79. AT&T has a 1-year low of $15.85 and a 1-year high of $23.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. AT&T’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts forecast that AT&T will post 2.22 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is 90.24%.

About AT&T

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.