AT&T’s (T) Hold Rating Reaffirmed at Deutsche Bank AG
AT&T Inc. (NYSE:T)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a $43.00 price objective on the stock, down from their prior price objective of $44.00. Deutsche Bank AG’s price target would suggest a potential upside of 5.37% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Nomura reaffirmed a “buy” rating and issued a $46.00 price objective on shares of AT&T in a research report on Wednesday, October 12th. Wells Fargo & Company reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, October 6th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $41.50 price objective for the company in a research report on Tuesday, October 4th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 price objective (down previously from $48.00) on shares of AT&T in a research report on Friday, October 21st. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of AT&T in a research report on Monday, September 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.09.
Shares of AT&T (NYSE:T) traded down 0.723% during midday trading on Wednesday, hitting $40.515. The stock had a trading volume of 5,940,467 shares. AT&T has a one year low of $33.43 and a one year high of $43.89. The stock has a 50 day moving average of $40.96 and a 200-day moving average of $40.59. The company has a market cap of $248.80 billion, a P/E ratio of 17.233 and a beta of 0.37.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, January 6th. This represents a $1.96 annualized dividend and a yield of 4.80%. This is a boost from AT&T’s previous quarterly dividend of $0.48. AT&T’s dividend payout ratio is presently 83.40%.
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In other news, Director Geoffrey Y. Yang acquired 27,129 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were purchased at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Taylor Wealth Management Partners raised its position in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC raised its position in AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock valued at $110,000 after buying an additional 100 shares during the period. Wealthcare Capital Management LLC bought a new position in AT&T during the second quarter valued at approximately $117,000. Itau Unibanco Holding S.A. bought a new position in AT&T during the third quarter valued at approximately $127,000. Finally, Concannon Wealth Management LLC raised its position in AT&T by 40.3% in the third quarter. Concannon Wealth Management LLC now owns 3,145 shares of the company’s stock valued at $128,000 after buying an additional 904 shares during the period. 52.80% of the stock is owned by 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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