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

Shares of AT&T Inc. (NYSE:T) have been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.24.

A number of analysts recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. 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. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th.

AT&T Trading Up 0.4 %

AT&T stock opened at $27.12 on Friday. The business’s 50-day simple moving average is $26.80 and its 200-day simple moving average is $24.11. AT&T has a 52 week low of $16.09 and a 52 week high of $29.03. The firm has a market capitalization of $194.67 billion, a PE ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. M&T Bank Corp increased its stake in AT&T by 1.1% in the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company’s stock worth $23,178,000 after purchasing an additional 11,895 shares during the period. Passumpsic Savings Bank grew its holdings in shares of AT&T by 12.2% in the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company’s stock worth $382,000 after purchasing an additional 1,893 shares during the last quarter. Sculati Wealth Management LLC increased its stake in AT&T by 38.9% in the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company’s stock worth $1,003,000 after buying an additional 12,772 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in AT&T by 6.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company’s stock worth $2,848,000 after buying an additional 7,394 shares during the period. Finally, World Investment Advisors LLC lifted its holdings in AT&T by 28.4% during the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company’s stock valued at $3,831,000 after buying an additional 38,548 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

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.