Shares of AT&T Inc. (NYSE:T) have received a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.51.
A number of research analysts have recently issued reports on T shares. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $28.00 in a research report on Thursday, October 7th. Truist Securities restated a “hold” rating and issued a $26.00 price target on shares of AT&T in a research report on Monday. Citigroup dropped their price target on shares of AT&T from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist reiterated a “hold” rating and set a $26.00 target price on shares of AT&T in a research report on Monday. Finally, KeyCorp upgraded shares of AT&T from an “underweight” rating to a “sector weight” rating in a research report on Thursday, October 14th.
NYSE T opened at $22.94 on Friday. The firm has a 50-day moving average of $24.98 and a 200-day moving average of $27.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.70. The stock has a market cap of $163.79 billion, a PE ratio of 191.18, a P/E/G ratio of 1.83 and a beta of 0.71. AT&T has a 52-week low of $22.22 and a 52-week high of $33.88.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 20th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. AT&T had a net margin of 0.67% and a return on equity of 13.47%. The business had revenue of $39.90 billion for the quarter, compared to analyst estimates of $42.37 billion. During the same period last year, the firm earned $0.76 earnings per share. AT&T’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts predict that AT&T will post 3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 1st. Stockholders of record on Monday, October 11th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend was Thursday, October 7th. AT&T’s payout ratio is 1,733.48%.
In other news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction dated Monday, November 8th. The shares were purchased at an average cost of $25.04 per share, with a total value of $2,504,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dumont & Blake Investment Advisors LLC boosted its stake in shares of AT&T by 1.6% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 22,293 shares of the technology company’s stock valued at $642,000 after purchasing an additional 360 shares during the period. MMA Asset Management LLC boosted its stake in shares of AT&T by 3.3% during the second quarter. MMA Asset Management LLC now owns 11,596 shares of the technology company’s stock valued at $334,000 after purchasing an additional 374 shares during the period. Arvest Bank Trust Division boosted its stake in shares of AT&T by 1.2% during the second quarter. Arvest Bank Trust Division now owns 32,828 shares of the technology company’s stock valued at $945,000 after purchasing an additional 374 shares during the period. JNBA Financial Advisors boosted its stake in shares of AT&T by 8.2% during the second quarter. JNBA Financial Advisors now owns 4,943 shares of the technology company’s stock valued at $142,000 after purchasing an additional 376 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of AT&T by 2.2% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 17,444 shares of the technology company’s stock valued at $502,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 51.42% of the company’s stock.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.