AT&T (NYSE:T) Shares Up 1.4%

AT&T Inc. (NYSE:T) shot up 1.4% on Monday . The company traded as high as $18.67 and last traded at $18.66. 7,850,026 shares traded hands during trading, a decline of 79% from the average session volume of 36,600,762 shares. The stock had previously closed at $18.40.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. Oppenheimer reissued an “outperform” rating and set a $21.00 price target on shares of AT&T in a research report on Tuesday. Scotiabank boosted their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Stock Up 0.4 %

The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The firm’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $17.13. The stock has a market capitalization of $134.51 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 4.25 and a beta of 0.60.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. Equities analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.92%. AT&T’s dividend payout ratio is presently 59.68%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of T. Frank Rimerman Advisors LLC bought a new position in AT&T in the 4th quarter valued at about $25,000. Pineridge Advisors LLC bought a new position in AT&T in the 4th quarter valued at about $25,000. First Pacific Financial raised its holdings 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 acquiring an additional 1,000 shares during the period. Ramirez Asset Management Inc. bought a new position in AT&T in the 3rd quarter valued at about $30,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings 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 acquiring an additional 606 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Company Profile

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.