Somewhat Favorable Press Coverage Somewhat Unlikely to Impact AT&T (T) Share Price
Press coverage about AT&T (NYSE:T) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AT&T earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.3407273527045 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- BRIEF-Air T, inc reports Q2 earnings per share $0.21 (AIRT) (markets.businessinsider.com)
- 10 Things You Didn’t Know about “Monsters, Inc” (tvovermind.com)
- Rehab work on T&P Warehouse is moving too slow and the structure continues to crumble (star-telegram.com)
- Kevin Spacey: Netflix Can’t Fire Me (inc.com)
- AIR T : Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) (4-traders.com)
Shares of AT&T (NYSE:T) opened at $33.93 on Tuesday. AT&T has a 52 week low of $32.55 and a 52 week high of $43.03. The firm has a market cap of $209,770.00, a P/E ratio of 11.68, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23.
AT&T (NYSE:T) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the previous year, the company earned $0.74 earnings per share. AT&T’s quarterly revenue was down 3.0% on a year-over-year basis. analysts predict that AT&T will post 2.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is presently 94.23%.
Several analysts recently issued reports on T shares. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective for the company. in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.48.
In other news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares in the company, valued at approximately $104,625. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.
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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