Argus reiterated their buy rating on shares of AT&T (NYSE:T) in a research report released on Wednesday morning. The brokerage currently has a $36.83 price objective on the technology company’s stock, down from their prior price objective of $48.00.

Other research analysts have also issued reports about the company. Standpoint Research initiated coverage on AT&T in a report on Wednesday, November 8th. They issued a buy rating and a $40.00 price objective on the stock. Zacks Investment Research raised AT&T from a hold rating to a buy rating and set a $43.00 price objective on the stock in a report on Wednesday, October 11th. Citigroup increased their price objective on AT&T from $52.00 to $54.00 and gave the company a buy rating in a report on Friday, November 10th. Canaccord Genuity reissued a buy rating and issued a $51.00 price objective on shares of AT&T in a report on Friday, November 10th. Finally, Nomura cut their price objective on AT&T to $42.00 and set a buy rating on the stock in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $41.90.

AT&T (T) opened at $36.93 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $226,099.38, a PE ratio of 7.76, a PEG ratio of 2.55 and a beta of 0.37. AT&T has a 1-year low of $32.55 and a 1-year high of $42.70.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The business had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. sell-side analysts anticipate that AT&T will post 3.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.42%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is 42.02%.

In other AT&T news, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Fisher acquired 2,600 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the acquisition, the director now owns 2,600 shares of the company’s stock, valued at approximately $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of T. New Mexico Educational Retirement Board lifted its position in shares of AT&T by 3.3% in the fourth quarter. New Mexico Educational Retirement Board now owns 590,138 shares of the technology company’s stock valued at $22,945,000 after acquiring an additional 18,600 shares in the last quarter. Lbmc Investment Advisors LLC lifted its position in shares of AT&T by 49.4% in the fourth quarter. Lbmc Investment Advisors LLC now owns 17,118 shares of the technology company’s stock valued at $666,000 after acquiring an additional 5,663 shares in the last quarter. Brookstone Capital Management lifted its position in shares of AT&T by 6.6% in the fourth quarter. Brookstone Capital Management now owns 231,612 shares of the technology company’s stock valued at $9,005,000 after acquiring an additional 14,373 shares in the last quarter. Cypress Capital Management LLC lifted its position in shares of AT&T by 1.2% in the fourth quarter. Cypress Capital Management LLC now owns 344,830 shares of the technology company’s stock valued at $13,407,000 after acquiring an additional 4,134 shares in the last quarter. Finally, Keeler Thomas Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $590,000. 55.49% of the stock is currently owned by institutional investors.

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About AT&T

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.

Analyst Recommendations for AT&T (NYSE:T)

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