AT&T Inc. (T) Price Target Lowered to $39.00 at Barclays PLC
AT&T Inc. (NYSE:T) had its price objective cut by Barclays PLC from $41.00 to $39.00 in a report published on Friday, MarketBeat reports. They currently have an equal weight rating on the technology company’s stock.
T has been the subject of a number of other research reports. Vetr raised shares of AT&T from a hold rating to a buy rating and set a $43.59 target price for the company in a research report on Wednesday, March 22nd. Zacks Investment Research cut shares of AT&T from a hold rating to a sell rating in a research report on Thursday. Instinet reissued a buy rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Jefferies Group LLC reissued a buy rating and issued a $48.00 target price on shares of AT&T in a research report on Wednesday, April 19th. Finally, ValuEngine cut shares of AT&T from a buy rating to a hold rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T has a consensus rating of Hold and a consensus target price of $43.66.
AT&T (NYSE T) traded up 0.25% during midday trading on Friday, hitting $36.39. 20,546,783 shares of the stock were exchanged. AT&T has a one year low of $36.10 and a one year high of $43.50. The company has a 50 day moving average price of $38.41 and a 200 day moving average price of $40.54. The firm has a market capitalization of $223.73 billion, a price-to-earnings ratio of 17.79 and a beta of 0.47.
AT&T (NYSE:T) last announced its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.74. The company had revenue of $39.40 billion during the quarter, compared to analysts’ expectations of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. AT&T’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities analysts anticipate that AT&T will post $2.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Thursday, July 6th. AT&T’s dividend payout ratio is currently 96.08%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Haverford Trust Co. increased its position in AT&T by 2.8% in the fourth quarter. Haverford Trust Co. now owns 174,021 shares of the technology company’s stock valued at $7,401,000 after buying an additional 4,720 shares in the last quarter. Baird Financial Group Inc. increased its stake in AT&T by 1.7% in the fourth quarter. Baird Financial Group Inc. now owns 2,422,151 shares of the technology company’s stock worth $103,014,000 after buying an additional 40,352 shares in the last quarter. Welch Investments LLC purchased a new stake in AT&T during the fourth quarter worth $3,999,000. Investec Asset Management North America Inc. increased its stake in AT&T by 4.5% in the fourth quarter. Investec Asset Management North America Inc. now owns 251,992 shares of the technology company’s stock worth $10,717,000 after buying an additional 10,955 shares in the last quarter. Finally, TCW Group Inc. increased its stake in AT&T by 8.4% in the fourth quarter. TCW Group Inc. now owns 2,902,678 shares of the technology company’s stock worth $123,451,000 after buying an additional 224,001 shares in the last quarter. 55.34% of the stock is owned by institutional investors.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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