AT&T (NYSE:T) Stock Price Up 0.9%

AT&T Inc. (NYSE:TGet Free Report)’s share price rose 0.9% during trading on Tuesday . The stock traded as high as $16.49 and last traded at $16.45. Approximately 10,971,878 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 38,406,129 shares. The stock had previously closed at $16.31.

Analyst Ratings Changes

T has been the topic of several recent research reports. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, January 19th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

Get Our Latest Research Report on AT&T

AT&T Stock Up 1.9 %

The business has a fifty day simple moving average of $16.98 and a two-hundred day simple moving average of $16.54. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $120.24 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, 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 6.60%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 56.63%.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently bought and sold shares of T. Mach 1 Financial Group LLC purchased a new position in AT&T during the 3rd quarter valued at about $185,000. Exchange Traded Concepts LLC increased its position in AT&T by 33.0% during the third quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock worth $651,000 after buying an additional 10,758 shares during the period. Proficio Capital Partners LLC increased its position in AT&T by 46.8% during the third quarter. Proficio Capital Partners LLC now owns 28,537 shares of the technology company’s stock worth $429,000 after buying an additional 9,102 shares during the period. SS&H Financial Advisors Inc. acquired a new position in AT&T during the third quarter worth approximately $2,052,000. Finally, Advisory Alpha LLC increased its position in AT&T by 12.7% during the third quarter. Advisory Alpha LLC now owns 72,868 shares of the technology company’s stock worth $1,094,000 after buying an additional 8,236 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

About AT&T

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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.

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