AT&T Inc. (NYSE:T) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AT&T Inc. (NYSE:T) have been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.5476.

Several equities research analysts have recently weighed in on T shares. BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Scotiabank reduced their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Williams Trading set a $32.00 price target on shares of AT&T in a report on Thursday, January 29th. Finally, Citigroup boosted their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On AT&T

Several hedge funds and other institutional investors have recently bought and sold shares of T. Alpine Woods Capital Investors LLC bought a new stake in AT&T in the 1st quarter valued at about $201,000. Security Financial Services INC. bought a new position in AT&T in the first quarter worth approximately $260,000. Summit Financial Wealth Advisors LLC grew its stake in AT&T by 0.9% in the first quarter. Summit Financial Wealth Advisors LLC now owns 482,132 shares of the technology company’s stock valued at $13,977,000 after acquiring an additional 4,270 shares during the period. Axiom Investment Management LLC acquired a new stake in AT&T in the first quarter valued at approximately $378,000. Finally, Summitry LLC increased its holdings in shares of AT&T by 2.2% during the first quarter. Summitry LLC now owns 267,768 shares of the technology company’s stock valued at $7,763,000 after acquiring an additional 5,752 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $24.92 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T has a 52 week low of $22.95 and a 52 week high of $29.79. The stock has a market capitalization of $173.18 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23. The stock has a fifty day moving average of $26.50 and a 200-day moving average of $26.02.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period last year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts expect that AT&T will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.