AT&T Inc. (T) Given Buy Rating at Nomura
AT&T Inc. (NYSE:T)‘s stock had its “buy” rating reaffirmed by analysts at Nomura in a note issued to investors on Wednesday. They currently have a $46.00 price objective on the stock. Nomura’s price target would suggest a potential upside of 17.65% from the company’s current price.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, June 29th. Deutsche Bank AG increased their price target on AT&T from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, June 28th. Barclays PLC assumed coverage on AT&T in a research report on Monday, June 27th. They set a “buy” rating on the stock. Jefferies Group reissued a “buy” rating and set a $44.00 price target on shares of AT&T in a research report on Thursday, July 21st. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.89.
AT&T (NYSE:T) opened at 39.10 on Wednesday. AT&T has a 52-week low of $32.22 and a 52-week high of $43.89. The stock has a 50 day moving average of $40.47 and a 200-day moving average of $40.52. The company has a market capitalization of $240.54 billion, a price-to-earnings ratio of 16.86 and a beta of 0.30.
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AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The business had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. On average, equities research analysts anticipate that AT&T will post $2.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.91%. The ex-dividend date is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Douglas Lane & Associates LLC purchased a new stake in shares of AT&T during the first quarter worth about $1,767,000. Bellecapital International Ltd. raised its stake in shares of AT&T by 119.1% in the first quarter. Bellecapital International Ltd. now owns 26,758 shares of the company’s stock worth $1,001,000 after buying an additional 14,545 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares in the last quarter. Sadoff Investment Management LLC raised its stake in shares of AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares in the last quarter. Finally, Vicus Capital raised its stake in shares of AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares in the last quarter. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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