AT&T Inc. (NYSE:T) – Analysts at Oppenheimer Holdings cut their FY2018 earnings per share (EPS) estimates for shares of AT&T in a research note issued on Tuesday. Oppenheimer Holdings analyst T. Horan now expects that the technology company will post earnings per share of $3.01 for the year, down from their previous forecast of $3.02.
Other analysts have also recently issued reports about the company. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.59 price objective on the stock in a research note on Wednesday, March 22nd. Instinet reiterated a “buy” rating and issued a $45.00 price objective (down from $46.00) on shares of AT&T in a research note on Sunday, April 2nd. Argus reiterated a “buy” rating and issued a $51.00 price objective on shares of AT&T in a research note on Monday, April 10th. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.88.
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AT&T (NYSE T) traded up 0.33% during mid-day trading on Wednesday, reaching $36.33. The company had a trading volume of 16,183,153 shares. The firm has a 50-day moving average of $38.41 and a 200 day moving average of $40.54. AT&T has a 1-year low of $36.10 and a 1-year high of $43.50. The company has a market capitalization of $223.36 billion, a PE ratio of 17.77 and a beta of 0.47. AT&T also was the target of some unusual options trading on Thursday. Traders purchased 35,059 call options on the company. This represents an increase of 105% compared to the average daily volume of 17,109 call options.
AT&T (NYSE:T) last released its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.74. The company had revenue of $39.40 billion during the quarter, compared to the consensus estimate of $40.50 billion. AT&T had a return on equity of 14.22% and a net margin of 7.77%. AT&T’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Several institutional investors have recently bought and sold shares of the stock. Northwest Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $583,000. Stearns Financial Services Group raised its position in shares of AT&T by 9.2% in the fourth quarter. Stearns Financial Services Group now owns 46,317 shares of the technology company’s stock worth $1,970,000 after buying an additional 3,896 shares in the last quarter. Prudential PLC raised its position in shares of AT&T by 15.9% in the fourth quarter. Prudential PLC now owns 6,197,140 shares of the technology company’s stock worth $263,565,000 after buying an additional 849,051 shares in the last quarter. Stockman Wealth Management Inc. raised its position in shares of AT&T by 2.1% in the fourth quarter. Stockman Wealth Management Inc. now owns 91,416 shares of the technology company’s stock worth $3,888,000 after buying an additional 1,855 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. ADV purchased a new position in shares of AT&T during the fourth quarter worth approximately $5,518,000. Institutional investors and hedge funds own 55.35% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.41%. AT&T’s dividend payout ratio is presently 96.08%.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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