AT&T (NYSE:T) Trading Up 0.2%

AT&T Inc. (NYSE:T)’s share price was up 0.2% on Friday . The stock traded as high as $21.65 and last traded at $21.63. Approximately 4,096,550 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 35,950,125 shares. The stock had previously closed at $21.59.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. TD Cowen raised their price target on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Evercore ISI raised their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. Finally, Barclays lifted their target price on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

AT&T Price Performance

The stock has a market capitalization of $155.16 billion, a P/E ratio of 11.63, a PEG ratio of 3.65 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The firm has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $18.18.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. AT&T’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.13%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Institutional Investors Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of T. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of AT&T in the fourth quarter worth approximately $11,554,000. Clearbridge Investments LLC boosted its holdings in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after buying an additional 48,091 shares during the period. Skopos Labs Inc. purchased a new stake in AT&T in the 4th quarter worth $839,000. Wealth Enhancement Advisory Services LLC raised its holdings in AT&T by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after acquiring an additional 43,062 shares during the period. Finally, M&G Plc purchased a new position in shares of AT&T in the first quarter valued at about $9,074,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.