AT&T Inc. (NYSE:T - Get Free Report)'s share price was up 0.8% during mid-day trading on Friday . The company traded as high as $18.27 and last traded at $18.25. Approximately 11,893,261 shares traded hands during trading, a decline of 67% from the average daily volume of 36,347,676 shares. The stock had previously closed at $18.11.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on T. BNP Paribas raised AT&T from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 11th. UBS Group restated a "buy" rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday. StockNews.com cut AT&T from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Tuesday, March 5th. Finally, Scotiabank lifted 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $21.54.
AT&T Stock Performance
The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The company has a 50 day simple moving average of $17.32 and a 200-day simple moving average of $17.11. The firm has a market cap of $131.97 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.55 and a beta of 0.60.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion during 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 firm's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.
AT&T Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.03%. AT&T's dividend payout ratio is currently 59.68%.
Institutional Trading of AT&T
Several hedge funds and other institutional investors have recently bought and sold shares of T. Sora Investors LLC purchased a new stake in shares of AT&T in the third quarter worth $11,265,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in AT&T in the 4th quarter worth approximately $11,554,000. Provence Wealth Management Group lifted its position in shares of AT&T by 55.8% in the fourth quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company's stock valued at $272,000 after acquiring an additional 5,807 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company's stock worth $1,129,000 after purchasing an additional 48,091 shares in the last quarter. Finally, Retireful LLC bought a new position in shares of AT&T during the fourth quarter worth $1,163,000. Institutional investors own 57.10% of the company's stock.
About AT&T
(Get Free Report)
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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