AT&T Inc. (NYSE:T)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $43.89 and last traded at $43.64, with a volume of 13,633,892 shares changing hands. The stock had previously closed at $43.47.

Several equities research analysts recently commented on the company. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $41.45 price objective for the company in a report on Wednesday, April 20th. Bank of America Corp. reiterated a “buy” rating on shares of AT&T in a report on Thursday, May 19th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, April 20th. Nomura Holdings Inc. lifted their price objective on AT&T from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 19th. Finally, Jefferies Group reiterated a “buy” rating and issued a $44.00 price objective on shares of AT&T in a report on Friday, May 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $40.19.

The company has a market cap of $265.32 billion and a PE ratio of 18.26. The firm’s 50-day moving average is $40.36 and its 200-day moving average is $37.98.

AT&T (NYSE:T) last posted its earnings results on Tuesday, April 26th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. During the same period last year, the business earned $0.63 earnings per share. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $41.10 billion. The firm’s revenue was up 24.4% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 8th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, July 6th.

A number of hedge funds have modified their holdings of T. HighPoint Advisor Group LLC raised its stake in shares of AT&T by 276.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 194,015 shares of the company’s stock valued at $6,818,000 after buying an additional 142,454 shares during the last quarter. HL Financial Services LLC raised its stake in shares of AT&T by 1.5% in the fourth quarter. HL Financial Services LLC now owns 530,516 shares of the company’s stock valued at $18,255,000 after buying an additional 8,053 shares during the last quarter. Sky Investment Group LLC raised its stake in shares of AT&T by 2.3% in the fourth quarter. Sky Investment Group LLC now owns 89,946 shares of the company’s stock valued at $3,095,000 after buying an additional 2,001 shares during the last quarter. Mcrae Capital Management Inc. raised its stake in shares of AT&T by 3.6% in the fourth quarter. Mcrae Capital Management Inc. now owns 187,402 shares of the company’s stock valued at $6,449,000 after buying an additional 6,500 shares during the last quarter. Finally, Private Wealth Partners LLC raised its stake in shares of AT&T by 2.7% in the fourth quarter. Private Wealth Partners LLC now owns 109,923 shares of the company’s stock valued at $3,782,000 after buying an additional 2,900 shares during the last quarter.

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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