AT&T’s (T) Buy Rating Reaffirmed at Deutsche Bank AG
Several other analysts have also issued reports on T. Vetr lowered shares of AT&T from a hold rating to a sell rating and set a $38.71 price target on the stock. in a research report on Tuesday, June 21st. Buckingham Research lowered shares of AT&T from a buy rating to a neutral rating and boosted their price target for the company from $30.97 to $39.56 in a research report on Friday, June 24th. They noted that the move was a valuation call. Barclays PLC started coverage on shares of AT&T in a research report on Monday, June 27th. They issued a buy rating on the stock. Robert W. Baird reissued a neutral rating and issued a $41.00 price target on shares of AT&T in a research report on Tuesday, June 28th. Finally, Zacks Investment Research raised shares of AT&T from a hold rating to a buy rating and set a $47.00 price target on the stock in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. AT&T currently has an average rating of Hold and an average price target of $41.86.
AT&T (NYSE:T) opened at 39.22 on Tuesday. The company has a 50-day moving average of $40.33 and a 200 day moving average of $40.51. AT&T has a 52 week low of $32.22 and a 52 week high of $43.89. The company has a market cap of $241.28 billion, a P/E ratio of 16.91 and a beta of 0.30.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. On average, equities analysts forecast that AT&T will post $2.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.90%. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value 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 approximately $589,230.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bollard Group LLC increased its stake in AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock worth $19,496,000 after buying an additional 4,776 shares in the last quarter. Aviva PLC increased its stake in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock worth $177,841,000 after buying an additional 237,012 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock worth $35,055,000 after buying an additional 47,100 shares in the last quarter. Community Trust & Investment Co. increased its stake in AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock worth $22,307,000 after buying an additional 9,126 shares in the last quarter. Finally, Logan Capital Management Inc. increased its stake in AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock worth $28,851,000 after buying an additional 2,079 shares in the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
AT&T Company Profile
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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