AT&T (NYSE:T) Shares Up 0.1%

AT&T Inc. (NYSE:T) traded up 0.1% on Wednesday . The company traded as high as $18.92 and last traded at $18.84. 4,345,508 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 36,599,363 shares. The stock had previously closed at $18.82.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Scotiabank increased their price target on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Oppenheimer reiterated an “outperform” rating and set a $21.00 price target on shares of AT&T in a report on Tuesday, June 25th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, The Goldman Sachs Group began coverage on AT&T in a research report on Monday. They issued a “buy” rating and a $22.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

AT&T Trading Down 0.7 %

The stock has a market cap of $133.94 billion, a P/E ratio of 10.04, a PEG ratio of 4.24 and a beta of 0.58. The firm’s fifty day moving average price is $17.71 and its two-hundred day moving average price is $17.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.94%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Institutional Trading of AT&T

Several institutional investors have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $25,000. Pineridge Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $25,000. First Pacific Financial boosted its holdings in shares of AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Ramirez Asset Management Inc. bought a new position in AT&T in the third quarter worth about $30,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.