AT&T Inc. (NYSE:T) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AT&T Inc. (NYSE:T) have been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $30.6413.

A number of brokerages have recently commented on T. The Goldman Sachs Group assumed coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Barclays dropped their target price on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Tuesday, November 11th. Finally, Williams Trading set a $33.00 price objective on shares of AT&T in a research report on Thursday, October 23rd.

AT&T Stock Up 0.7%

Shares of T stock opened at $25.99 on Friday. AT&T has a 12-month low of $21.38 and a 12-month high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $26.02 and a 200-day moving average of $27.42. The company has a market capitalization of $184.25 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, equities research analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s payout ratio is 36.04%.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently modified their holdings of the stock. J. L. Bainbridge & Co. Inc. grew its stake in AT&T by 1.7% in the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after purchasing an additional 355 shares in the last quarter. Financial & Tax Architects LLC boosted its holdings in shares of AT&T by 4.9% in the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares during the last quarter. Roberts Glore & Co. Inc. IL grew its stake in shares of AT&T by 2.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after buying an additional 357 shares in the last quarter. Investment Partners LTD. grew its stake in shares of AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after buying an additional 357 shares in the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after buying an additional 364 shares during the last quarter. Institutional investors and hedge funds 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.