AT&T Inc. (NYSE:T) Receives $20.81 Consensus PT from Brokerages

Shares of AT&T Inc. (NYSE:T) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.81.

T has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped 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. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, April 29th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Friday, January 19th. Finally, Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.

AT&T Stock Up 0.2 %

NYSE:T opened at $16.85 on Friday. The company has a market cap of $120.52 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. AT&T has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $16.97 and a 200-day simple moving average of $16.67.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. During the same quarter in the previous year, the business earned $0.60 earnings per share. AT&T’s quarterly revenue was down .4% on a year-over-year basis. Analysts anticipate that AT&T will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently made changes to their positions in T. Norges Bank purchased a new position in AT&T in the fourth quarter worth approximately $1,118,288,000. Ameriprise Financial Inc. raised its stake in shares of AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after acquiring an additional 34,189,954 shares during the period. FMR LLC raised its position in AT&T by 130.5% in the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after purchasing an additional 32,558,342 shares during the period. Thornburg Investment Management Inc. purchased a new position in shares of AT&T during the fourth quarter worth $316,472,000. Finally, California Public Employees Retirement System grew its stake in shares of AT&T by 38.0% in the third quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after buying an additional 9,518,478 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Company Profile

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.