AT&T Inc. (NYSE:T) shares saw unusually-strong trading volume on Friday . Approximately 17,355,433 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 18,913,941 shares.The stock last traded at $40.74 and had previously closed at $41.40.

A number of analysts recently issued reports on T shares. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. FBR & Co reissued a “hold” rating and issued a $38.00 target price on shares of AT&T in a research report on Wednesday, April 27th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price on shares of AT&T in a research report on Tuesday, June 28th. Citigroup Inc. cut AT&T from a “buy” rating to a “neutral” rating and upped their target price for the company from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Finally, Jefferies Group raised AT&T to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.34.

The firm has a market cap of $252.29 billion and a price-to-earnings ratio of 17.68. The stock has a 50 day moving average of $42.76 and a 200-day moving average of $39.74.

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

The firm 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 4.68%.

In related news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Other large investors have recently made changes to their positions in the company. Barrett Asset Management LLC boosted its position in AT&T by 1.0% in the fourth quarter. Barrett Asset Management LLC now owns 134,634 shares of the company’s stock valued at $4,633,000 after buying an additional 1,271 shares in the last quarter. Boys Arnold & Co. Inc. boosted its position in AT&T by 54.3% in the fourth quarter. Boys Arnold & Co. Inc. now owns 281,971 shares of the company’s stock valued at $9,703,000 after buying an additional 99,204 shares in the last quarter. West Coast Financial LLC boosted its position in AT&T by 1.0% in the fourth quarter. West Coast Financial LLC now owns 88,446 shares of the company’s stock valued at $3,043,000 after buying an additional 918 shares in the last quarter. Keating Investment Counselors Inc. boosted its position in AT&T by 0.8% in the fourth quarter. Keating Investment Counselors Inc. now owns 50,731 shares of the company’s stock valued at $1,746,000 after buying an additional 425 shares in the last quarter. Finally, ProVise Management Group LLC boosted its position in AT&T by 7.5% in the fourth quarter. ProVise Management Group LLC now owns 68,700 shares of the company’s stock valued at $2,364,000 after buying an additional 4,800 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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