Traders purchased shares of AT&T Inc. (NYSE:T) on weakness during trading on Tuesday. $180.77 million flowed into the stock on the tick-up and $140.35 million flowed out of the stock on the tick-down, for a money net flow of $40.42 million into the stock. Of all stocks tracked, AT&T had the 6th highest net in-flow for the day. AT&T traded down ($0.10) for the day and closed at $42.41

T has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on AT&T from $37.00 to $41.00 in a report on Wednesday, March 30th. Wells Fargo & Co. reiterated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of AT&T in a report on Tuesday, March 29th. Deutsche Bank AG upped their price objective on AT&T from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, March 22nd. Nomura Holdings Inc. upped their price objective on AT&T from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 19th. Finally, Jefferies Group upped their price objective on AT&T from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. AT&T currently has an average rating of “Buy” and a consensus target price of $40.37.

The firm has a 50-day moving average price of $40.84 and a 200 day moving average price of $38.21. The stock has a market cap of $261.08 billion and a P/E ratio of 17.97.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 8th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $1.92 annualized dividend and a yield of 4.53%.

Other hedge funds and institutional investors recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its position in shares of AT&T by 2.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 29,574 shares of the company’s stock valued at $1,018,000 after buying an additional 676 shares during the period. Taylor Cottrill LLC raised its position in shares of AT&T by 1.8% in the fourth quarter. Taylor Cottrill LLC now owns 29,697 shares of the company’s stock valued at $1,022,000 after buying an additional 535 shares during the period. AMG National Trust Bank raised its position in shares of AT&T by 1.3% in the fourth quarter. AMG National Trust Bank now owns 30,059 shares of the company’s stock valued at $1,034,000 after buying an additional 382 shares during the period. West Chester Capital Advisors Inc. raised its position in shares of AT&T by 1.7% in the fourth quarter. West Chester Capital Advisors Inc. now owns 31,397 shares of the company’s stock valued at $1,080,000 after buying an additional 531 shares during the period. Finally, Lipe & Dalton raised its position in shares of AT&T by 3.8% in the fourth quarter. Lipe & Dalton now owns 33,960 shares of the company’s stock valued at $1,169,000 after buying an additional 1,250 shares during the period.

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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