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

Shares of AT&T Inc. (NYSE:T) have earned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $30.6413.

A number of analysts have commented on the stock. Barclays lowered their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Williams Trading set a $33.00 price target on AT&T in a research report on Thursday, October 23rd. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. TD Cowen upped their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd.

Institutional Investors Weigh In On AT&T

Several large investors have recently bought and sold shares of T. J. L. Bainbridge & Co. Inc. raised its stake in AT&T by 1.7% during the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after buying an additional 355 shares during the period. Financial & Tax Architects LLC increased its holdings in shares of AT&T by 4.9% in the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after acquiring an additional 356 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in shares of AT&T by 2.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after acquiring an additional 357 shares in the last quarter. Investment Partners LTD. raised its position in shares of AT&T by 3.5% during the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $25.99 on Friday. The business’s 50-day simple moving average is $26.02 and its 200 day simple moving average is $27.42. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The stock has a market cap of $184.25 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 2.16 and a beta of 0.40. AT&T has a 12-month low of $21.38 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, research analysts anticipate that AT&T will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

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.