AT&T (NYSE:T) Stock Price Up 0.2%

AT&T Inc. (NYSE:T) shares rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $18.75 and last traded at $18.73. Approximately 6,162,294 shares were traded during trading, a decline of 83% from the average daily volume of 36,617,215 shares. The stock had previously closed at $18.69.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. Oppenheimer reaffirmed an “outperform” rating and set a $21.00 target price on shares of AT&T in a research note on Tuesday. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Tuesday, March 5th. Finally, Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Stock Up 0.1 %

The company has a market cap of $134.08 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 4.25 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $17.13.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.94%. AT&T’s payout ratio is currently 59.68%.

Hedge Funds Weigh In On AT&T

Hedge funds have recently added to or reduced their stakes in the stock. Old Port Advisors increased its position in shares of AT&T by 10.1% in the first quarter. Old Port Advisors now owns 108,875 shares of the technology company’s stock valued at $1,916,000 after acquiring an additional 9,991 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in AT&T by 54.6% during the first quarter. Abich Financial Wealth Management LLC now owns 9,161 shares of the technology company’s stock worth $161,000 after acquiring an additional 3,237 shares during the last quarter. Keynote Financial Services LLC acquired a new position in AT&T in the 1st quarter valued at $1,922,000. EverSource Wealth Advisors LLC increased its position in AT&T by 59.7% during the first quarter. EverSource Wealth Advisors LLC now owns 16,930 shares of the technology company’s stock worth $286,000 after acquiring an additional 6,327 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in AT&T by 493.7% during the first quarter. Westwood Holdings Group Inc. now owns 123,987 shares of the technology company’s stock worth $2,182,000 after buying an additional 103,102 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

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.