AT&T (NYSE:T) Price Target Raised to $22.00 at Citigroup

AT&T (NYSE:TGet Rating) had its price target increased by Citigroup from $20.00 to $22.00 in a research note released on Tuesday morning, The Fly reports. The firm currently has a buy rating on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $22.00 to $23.00 and gave the stock a buy rating in a research note on Friday, October 21st. Argus upgraded shares of AT&T from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Thursday, December 8th. Truist Financial upgraded shares of AT&T from a hold rating to a buy rating and set a $21.00 target price on the stock in a research note on Friday, October 21st. Barclays upped their price target on AT&T from $18.00 to $19.00 and gave the company an equal weight rating in a report on Monday, October 24th. Finally, Credit Suisse Group lowered their price target on AT&T from $21.00 to $18.00 and set a neutral rating for the company in a report on Monday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $22.67.

AT&T Stock Up 0.3 %

Shares of NYSE:T opened at $19.16 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.54. The firm has a market capitalization of $136.55 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61. The firm’s 50-day moving average is $18.92 and its two-hundred day moving average is $18.08. AT&T has a 1 year low of $14.46 and a 1 year high of $22.84.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, January 9th. AT&T’s payout ratio is currently 41.11%.

Institutional Trading of AT&T

A number of large investors have recently made changes to their positions in the stock. Bill Few Associates Inc. boosted its stake in shares of AT&T by 4.3% during the fourth quarter. Bill Few Associates Inc. now owns 29,105 shares of the technology company’s stock valued at $536,000 after acquiring an additional 1,192 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of AT&T by 51.2% during the fourth quarter. International Assets Investment Management LLC now owns 437,484 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 148,201 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in AT&T in the 4th quarter worth about $193,000. 626 Financial LLC acquired a new stake in AT&T in the 4th quarter worth about $299,000. Finally, Aevitas Wealth Management Inc. acquired a new stake in AT&T in the 4th quarter worth about $910,000. Institutional investors and hedge funds own 51.86% of the company’s stock.

AT&T Company Profile

(Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

The Fly logo

Analyst Recommendations for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.