AT&T Inc. (NYSE:T) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage presently has a $41.56 target price on the technology company’s stock. Vetr‘s price target suggests a potential upside of 13.55% from the stock’s previous close.
Several other research firms also recently commented on T. Instinet restated a “buy” rating and set a $45.00 target price (down previously from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Wednesday, April 19th. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a research report on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $41.00 target price on shares of AT&T in a research report on Saturday, April 29th. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.23.
Shares of AT&T (NYSE:T) opened at 36.60 on Monday. AT&T has a 52-week low of $36.10 and a 52-week high of $43.50. The company’s 50 day moving average price is $38.41 and its 200 day moving average price is $40.54. The firm has a market capitalization of $225.02 billion, a price-to-earnings ratio of 17.90 and a beta of 0.47.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.74. AT&T had a return on equity of 14.22% and a net margin of 7.77%. The company had revenue of $39.40 billion during the quarter, compared to the consensus estimate of $40.50 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts forecast that AT&T will post $2.90 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.36%. AT&T’s payout ratio is presently 96.08%.
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A number of hedge funds have recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. bought a new stake in AT&T during the first quarter valued at about $101,000. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the first quarter valued at about $104,000. Taylor Wealth Management Partners raised its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in AT&T during the first quarter valued at about $109,000. Finally, Empirical Finance LLC bought a new stake in AT&T during the fourth quarter valued at about $116,000. Institutional investors and hedge funds own 55.35% of the company’s stock.
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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