AT&T (NYSE:T) Upgraded at DZ Bank

DZ Bank upgraded shares of AT&T (NYSE:T) from a hold rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage currently has $27.00 price objective on the technology company’s stock.

T has been the topic of several other reports. Scotiabank lifted their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Sanford C. Bernstein upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Trading Down 1.2 %

NYSE T opened at $23.74 on Wednesday. AT&T has a one year low of $15.94 and a one year high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.66. The company has a market capitalization of $170.34 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.59. The company’s 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $21.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts forecast that AT&T will post 2.12 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. AT&T’s payout ratio is 74.50%.

Hedge Funds Weigh In On AT&T

Hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the fourth quarter worth approximately $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.