Evercore ISI Boosts AT&T (NYSE:T) Price Target to $19.00

AT&T (NYSE:T) had its target price increased by Evercore ISI from $18.00 to $19.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm currently has an in-line rating on the technology company’s stock.

T has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a buy rating in a research report on Friday, June 28th. UBS Group restated a buy rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Royal Bank of Canada increased their price objective on shares of AT&T from $18.00 to $19.00 and gave the company a sector perform rating in a research report on Thursday. Oppenheimer increased their price target on shares of AT&T from $21.00 to $23.00 and gave the stock an outperform rating in a research report on Thursday. Finally, StockNews.com downgraded shares of AT&T from a buy rating to a hold rating in a research report on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of Moderate Buy and a consensus price target of $22.33.

AT&T Trading Down 0.9 %

Shares of NYSE T opened at $19.01 on Thursday. The firm’s 50 day moving average price is $18.32 and its 200-day moving average price is $17.47. The company has a market cap of $136.30 billion, a PE ratio of 10.22, a P/E/G ratio of 3.65 and a beta of 0.58. AT&T has a 52-week low of $13.89 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.63 and a current ratio of 0.70.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that AT&T will post 2.21 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. Investors of record on Wednesday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.84%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Institutional Trading of AT&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC purchased a new position in AT&T in the 4th quarter valued at $25,000. Pineridge Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth $25,000. First Pacific Financial raised its stake in AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in AT&T by 176.6% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

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.