Shares of AT&T Inc. (NYSE:T – Get Free Report) rose 1.2% on Tuesday after Wells Fargo & Company raised their price target on the stock from $22.00 to $25.00. Wells Fargo & Company currently has an overweight rating on the stock. AT&T traded as high as $21.60 and last traded at $21.52. Approximately 9,243,739 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 35,555,449 shares. The stock had previously closed at $21.26.
A number of other research firms also recently commented on T. TD Cowen increased their price objective on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Tigress Financial increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Moffett Nathanson raised their price target on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $22.69.
Read Our Latest Research Report on T
Institutional Inflows and Outflows
AT&T Price Performance
The stock’s 50-day moving average is $20.81 and its 200 day moving average is $18.89. The stock has a market capitalization of $154.34 billion, a PE ratio of 11.57, a P/E/G ratio of 3.62 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. As a group, equities analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.
AT&T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.
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.
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