AT&T (NYSE:T) Trading 0.2% Higher

AT&T Inc. (NYSE:TGet Free Report)’s share price rose 0.2% during trading on Wednesday . The company traded as high as $17.71 and last traded at $17.56. Approximately 13,170,009 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 38,369,672 shares. The stock had previously closed at $17.52.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Wells Fargo & Company boosted their price target on AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.61.

Get Our Latest Report on T

AT&T Stock Up 0.3 %

The firm has a market capitalization of $125.67 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 2.64 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $17.17 and a 200 day moving average price of $16.36.

AT&T (NYSE:TGet Free Report) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is currently 56.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Axiom Financial Strategies LLC boosted its position in AT&T by 12.2% in the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after buying an additional 1,941 shares during the last quarter. Roundview Capital LLC boosted its position in shares of AT&T by 62.3% in the 1st quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares during the last quarter. Sei Investments Co. boosted its position in shares of AT&T by 23.1% in the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after purchasing an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of AT&T by 5.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after purchasing an additional 25,028 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of AT&T by 1,191.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,722 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

(Get Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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