AT&T (NYSE:T) Trading Up 0.1%

Shares of AT&T Inc. (NYSE:TGet Free Report) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $17.44 and last traded at $17.32. 6,664,125 shares changed hands during trading, a decline of 82% from the average session volume of 37,658,594 shares. The stock had previously closed at $17.30.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on T. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Citigroup boosted their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Scotiabank boosted their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Finally, StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

Get Our Latest Stock Report on AT&T

AT&T Trading Up 0.5 %

The firm has a market cap of $124.73 billion, a P/E ratio of 9.31, a PEG ratio of 3.41 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a 50 day moving average of $17.01 and a 200 day moving average of $16.77.

AT&T (NYSE:TGet Free Report) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.38%. AT&T’s dividend payout ratio is presently 59.68%.

Institutional Trading of AT&T

Several institutional investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. boosted its holdings in shares of AT&T by 138.1% during the third quarter. Panagora Asset Management Inc. now owns 449,297 shares of the technology company’s stock worth $6,748,000 after purchasing an additional 260,613 shares during the period. Nwam LLC boosted its holdings in shares of AT&T by 4.6% during the third quarter. Nwam LLC now owns 56,218 shares of the technology company’s stock worth $844,000 after purchasing an additional 2,477 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of AT&T by 3.7% during the third quarter. Daiwa Securities Group Inc. now owns 626,158 shares of the technology company’s stock worth $9,405,000 after purchasing an additional 22,352 shares during the period. Csenge Advisory Group boosted its holdings in shares of AT&T by 9.6% during the third quarter. Csenge Advisory Group now owns 123,037 shares of the technology company’s stock worth $1,848,000 after purchasing an additional 10,793 shares during the period. Finally, Nilsine Partners LLC boosted its holdings in shares of AT&T by 15.1% during the third quarter. Nilsine Partners LLC now owns 51,911 shares of the technology company’s stock worth $780,000 after purchasing an additional 6,795 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

About AT&T

(Get Free Report)

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.

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