AT&T (NYSE:T) Trading Up 0.2% – What’s Next?

AT&T Inc. (NYSE:T) was up 0.2% on Wednesday . The company traded as high as $25.24 and last traded at $25.19. Approximately 7,375,334 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 36,858,961 shares. The stock had previously closed at $25.15.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $26.21.

AT&T Trading Up 0.8 %

The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $23.11 and a 200 day moving average price of $21.94. The stock has a market capitalization of $181.93 billion, a PE ratio of 17.02, a P/E/G ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Hedge Funds Weigh In On AT&T

Several institutional investors have recently modified their holdings of T. Physician Wealth Advisors Inc. purchased a new position in shares of AT&T in the 4th quarter worth about $161,000. CIBC Private Wealth Group LLC raised its position in AT&T by 14.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 274,643 shares of the technology company’s stock worth $6,092,000 after acquiring an additional 34,623 shares during the period. Joseph Group Capital Management boosted its stake in AT&T by 10.8% in the fourth quarter. Joseph Group Capital Management now owns 207,165 shares of the technology company’s stock valued at $4,717,000 after acquiring an additional 20,189 shares during the last quarter. Charter Research & Investment Group Inc. grew its position in shares of AT&T by 4.9% during the 4th quarter. Charter Research & Investment Group Inc. now owns 43,234 shares of the technology company’s stock valued at $984,000 after acquiring an additional 2,024 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of AT&T by 66.2% during the 4th quarter. Schroder Investment Management Group now owns 5,285,236 shares of the technology company’s stock valued at $120,345,000 after acquiring an additional 2,104,603 shares during the period. 57.10% of the stock is owned by institutional investors.

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.