AT&T Inc. (NYSE:T) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 233,079,658 shares, an increase of 23.0% from the October 13th total of 189,435,343 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 43,772,856 shares, the short-interest ratio is presently 5.3 days.

Shares of AT&T (T) opened at $34.17 on Tuesday. AT&T has a 12-month low of $32.55 and a 12-month high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $210,076.59, a price-to-earnings ratio of 11.68, a PEG ratio of 2.76 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. research analysts anticipate that AT&T will post 2.93 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s payout ratio is 94.69%.

In other news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Advantage Investment Management LLC grew its holdings in AT&T by 12.5% in the third quarter. Advantage Investment Management LLC now owns 52,407 shares of the technology company’s stock worth $2,053,000 after purchasing an additional 5,824 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in AT&T by 5.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,255,747 shares of the technology company’s stock worth $49,187,000 after purchasing an additional 60,255 shares during the period. King Luther Capital Management Corp grew its holdings in AT&T by 10.6% in the third quarter. King Luther Capital Management Corp now owns 1,475,615 shares of the technology company’s stock worth $57,800,000 after purchasing an additional 140,942 shares during the period. Lido Advisors LLC grew its holdings in AT&T by 60.3% in the third quarter. Lido Advisors LLC now owns 33,436 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 12,577 shares during the period. Finally, B. Riley Financial Inc. acquired a new stake in AT&T in the third quarter worth $502,000. Institutional investors and hedge funds own 55.21% of the company’s stock.

A number of analysts have recently weighed in on the stock. Macquarie reaffirmed a “buy” rating and set a $43.00 price target on shares of AT&T in a report on Friday, September 1st. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price target for the company in a report on Thursday, September 28th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Finally, Robert W. Baird dropped their price objective on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus target price of $43.48.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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