AT&T Inc. (T) Upgraded to Buy at Vetr Inc.
Vetr upgraded shares of AT&T Inc. (NYSE:T) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $41.50 price target on the stock.
A number of other research firms have also recently weighed in on T. Barclays PLC restated a buy rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 price target on AT&T and gave the company a buy rating in a research note on Sunday, July 24th. Pacific Crest restated a hold rating on shares of AT&T in a research note on Wednesday, September 7th. Zacks Investment Research cut AT&T from a buy rating to a hold rating in a research note on Friday, July 1st. Finally, Argus restated a buy rating and issued a $51.00 price target (up previously from $45.00) on shares of AT&T in a research note on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $41.57.
AT&T (NYSE:T) opened at 39.42 on Tuesday. The firm’s 50-day moving average is $40.81 and its 200-day moving average is $40.53. The firm has a market cap of $242.51 billion, a PE ratio of 17.00 and a beta of 0.30. AT&T has a 12 month low of $32.22 and a 12 month high of $43.89.
AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. Equities analysts expect that AT&T will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.81%. AT&T’s dividend payout ratio (DPR) is 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Capital International Investors boosted its stake in shares of AT&T by 230.7% in the second quarter. Capital International Investors now owns 17,502,280 shares of the company’s stock worth $756,274,000 after buying an additional 12,209,300 shares during the period. Vanguard Group Inc. boosted its stake in shares of AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock worth $16,598,555,000 after buying an additional 9,838,198 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of AT&T during the second quarter worth approximately $387,606,000. BlackRock Fund Advisors boosted its stake in shares of AT&T by 6.4% in the second quarter. BlackRock Fund Advisors now owns 84,651,726 shares of the company’s stock worth $3,657,801,000 after buying an additional 5,072,060 shares during the period. Finally, FMR LLC boosted its stake in shares of AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock worth $3,498,528,000 after buying an additional 4,882,241 shares during the period. Institutional investors own 53.64% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.