Brokerages Set AT&T Inc. (NYSE:T) Target Price at $30.74

Shares of AT&T Inc. (NYSE:T) have earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.7391.

A number of equities analysts have recently weighed in on T shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Williams Trading set a $32.00 price target on AT&T in a report on Thursday, January 29th. Sanford C. Bernstein cut their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th.

AT&T Stock Performance

NYSE T opened at $27.97 on Friday. AT&T has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The stock has a market cap of $195.35 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. The business has a fifty day moving average of $27.90 and a 200-day moving average of $26.17. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, April 10th. AT&T’s dividend payout ratio is presently 36.39%.

Hedge Funds Weigh In On AT&T

Institutional investors have recently added to or reduced their stakes in the business. Front Row Advisors LLC acquired a new position in AT&T in the second quarter valued at $25,000. Mountain Hill Investment Partners Corp. increased its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares during the last quarter. GGM Financials LLC acquired a new position in AT&T in the third quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the fourth quarter valued at $25,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the fourth quarter valued at $25,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.