AT&T (NYSE:T) Stock Price Down 0.2%

Shares of AT&T Inc. (NYSE:T) traded down 0.2% during mid-day trading on Friday . The company traded as low as $16.73 and last traded at $16.79. 6,994,675 shares were traded during trading, a decline of 82% from the average session volume of 38,899,609 shares. The stock had previously closed at $16.82.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank upped their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Tigress Financial lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Up 0.2 %

The firm has a market capitalization of $120.52 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 3.31 and a beta of 0.57. The firm has a fifty day moving average price of $16.97 and a 200 day moving average price of $16.64. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.59%. AT&T’s payout ratio is 59.68%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Carmel Capital Partners LLC boosted its stake in AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Pineridge Advisors LLC bought a new stake in AT&T in the fourth quarter valued at about $25,000. First Pacific Financial lifted its stake in AT&T by 166.7% in the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Finally, Lipe & Dalton bought a new position in AT&T during the third quarter worth about $30,000. 57.10% of the stock is currently owned by institutional investors.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.