AT&T (NYSE:T) Trading Up 0.4% – Here’s What Happened

AT&T Inc. (NYSE:T) rose 0.4% on Monday . The company traded as high as $27.05 and last traded at $26.76. Approximately 27,122,126 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 36,425,331 shares. The stock had previously closed at $26.64.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Royal Bank of Canada raised their target price on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Stock Up 0.4 %

The firm has a 50 day moving average price of $26.50 and a 200-day moving average price of $23.90. The firm has a market cap of $190.22 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is presently 74.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new position in AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC bought a new position in AT&T during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new position in AT&T during the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership bought a new stake in AT&T in the fourth quarter valued at approximately $30,000. 57.10% of the stock is currently 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.