Macquarie reissued their buy rating on shares of AT&T (NYSE:T) in a research report report published on Wednesday, September 12th. Macquarie currently has a $35.00 target price on the technology company’s stock.
A number of other equities research analysts also recently commented on T. Zacks Investment Research downgraded shares of AT&T from a buy rating to a hold rating in a research report on Friday, July 20th. Bank of America upgraded shares of AT&T from a neutral rating to a buy rating and set a $37.00 price target on the stock in a research note on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of AT&T in a research note on Tuesday, July 10th. They set an underperform rating and a $29.00 price target on the stock. Morgan Stanley reiterated an overweight rating and set a $37.00 price target on shares of AT&T in a research note on Wednesday, June 27th. Finally, Oppenheimer upgraded shares of AT&T from a market perform rating to an outperform rating and set a $41.00 price target on the stock in a research note on Wednesday, June 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T currently has an average rating of Hold and an average price target of $38.09.
Shares of T traded up $0.12 on Wednesday, hitting $34.11. 28,301,700 shares of the stock traded hands, compared to its average volume of 34,280,918. The company has a market capitalization of $206.15 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 2.67 and a beta of 0.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. AT&T has a one year low of $30.13 and a one year high of $39.33.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company had revenue of $38.99 billion during the quarter, compared to the consensus estimate of $38.45 billion. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. On average, sell-side analysts expect that AT&T will post 3.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.86%. The ex-dividend date is Tuesday, October 9th. AT&T’s payout ratio is currently 65.57%.
In other AT&T news, Director Matthew K. Rose bought 65,500 shares of AT&T stock in a transaction dated Thursday, July 26th. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now directly owns 81,319 shares in the company, valued at approximately $2,481,042.69. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Piazza Samuel A. Jr. Di bought 7,690 shares of AT&T stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the acquisition, the director now owns 31,405 shares in the company, valued at $1,020,034.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Silverleafe Capital Partners LLC lifted its position in shares of AT&T by 62.8% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 10,598 shares of the technology company’s stock worth $356,000 after purchasing an additional 4,087 shares during the period. Lynch & Associates IN lifted its position in shares of AT&T by 6.3% in the 3rd quarter. Lynch & Associates IN now owns 59,949 shares of the technology company’s stock worth $2,013,000 after purchasing an additional 3,540 shares during the period. Kempner Capital Management Inc. lifted its position in AT&T by 24.0% during the third quarter. Kempner Capital Management Inc. now owns 175,935 shares of the technology company’s stock valued at $5,908,000 after acquiring an additional 34,019 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new stake in AT&T during the third quarter valued at approximately $1,394,000. Finally, Accurate Investment Solutions Inc. lifted its position in AT&T by 1.7% during the third quarter. Accurate Investment Solutions Inc. now owns 110,566 shares of the technology company’s stock valued at $3,713,000 after acquiring an additional 1,898 shares during the last quarter. Hedge funds and other institutional investors own 64.63% of the company’s stock.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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