AT&T (NYSE:T) Trading 0.3% Higher

AT&T Inc. (NYSE:T)’s share price traded up 0.3% during trading on Thursday . The company traded as high as $19.27 and last traded at $19.22. 10,245,552 shares traded hands during trading, a decline of 72% from the average session volume of 36,108,059 shares. The stock had previously closed at $19.16.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group assumed coverage on AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 price objective for the company. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $18.00 price objective on shares of AT&T in a research report on Wednesday, July 10th. Scotiabank lifted their price objective on AT&T from $22.50 to $23.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.85.

AT&T Stock Down 0.2 %

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 firm has a market cap of $137.09 billion, a PE ratio of 10.28, a PEG ratio of 3.62 and a beta of 0.58. The stock has a fifty day moving average price of $18.17 and a 200-day moving average price of $17.41.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion for 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%. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Research analysts expect that AT&T Inc. will post 2.23 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.81%. AT&T’s payout ratio is 59.68%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AT&T by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 624,994,998 shares of the technology company’s stock valued at $10,999,912,000 after buying an additional 2,588,539 shares during the last quarter. Bank of New York Mellon Corp boosted its position in AT&T by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 75,484,518 shares of the technology company’s stock valued at $1,328,528,000 after purchasing an additional 4,014,873 shares during the period. Norges Bank bought a new position in AT&T during the 4th quarter worth $1,118,288,000. Charles Schwab Investment Management Inc. increased its position in AT&T by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock worth $848,888,000 after buying an additional 798,024 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in AT&T by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock valued at $794,978,000 after buying an additional 1,137,792 shares during the last quarter. Institutional investors 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.