AT&T Inc. (NYSE:T – Get Free Report) shares traded up 1.3% during trading on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $24.00 to $26.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. AT&T traded as high as $19.08 and last traded at $19.00. 10,447,687 shares were traded during trading, a decline of 71% from the average session volume of 36,555,313 shares. The stock had previously closed at $18.75.
Other equities research analysts have also recently issued reports about the company. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Scotiabank boosted their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. UBS Group restated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.71.
Read Our Latest Report on AT&T
Institutional Trading of AT&T
AT&T Trading Up 1.4 %
The stock has a fifty day moving average of $17.47 and a 200-day moving average of $17.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market cap of $136.30 billion, a PE ratio of 10.24, a PEG ratio of 4.26 and a beta of 0.60.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data 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. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.
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.
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