AT&T Inc. (NYSE:T)’s share price dropped 1.7% during trading on Thursday . The stock traded as low as $41.11 and last traded at $41.13, with a volume of 15,480,351 shares changing hands. The stock had previously closed at $41.86.

T has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, July 5th. Jefferies Group restated a “buy” rating on shares of AT&T in a research note on Sunday, June 5th. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 target price on the stock. in a research note on Tuesday, June 7th. Bank of America Corp. restated a “buy” rating on shares of AT&T in a research note on Thursday, May 19th. Finally, Barclays PLC restated an “overweight” rating and issued a $42.00 target price on shares of AT&T in a research note on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.34.

The stock has a market cap of $254.69 billion and a P/E ratio of 17.85. The company’s 50 day moving average is $42.86 and its 200-day moving average is $39.69.

AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. Equities research analysts expect that AT&T Inc. will post $2.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 8th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.64%.

In other news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Other institutional investors have recently made changes to their positions in the company. Taylor Cottrill LLC boosted 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 in the last quarter. AMG National Trust Bank boosted 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 in the last quarter. West Chester Capital Advisors Inc. boosted 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 in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of AT&T by 8.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 35,086 shares of the company’s stock valued at $1,207,000 after buying an additional 2,658 shares in the last quarter. Finally, Arvest Trust Co boosted its position in shares of AT&T by 10.1% in the fourth quarter. Arvest Trust Co now owns 36,114 shares of the company’s stock valued at $1,243,000 after buying an additional 3,313 shares in 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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