Oppenheimer Reaffirms Outperform Rating for AT&T (NYSE:T)

Oppenheimer restated their outperform rating on shares of AT&T (NYSE:TFree Report) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $21.00 price target on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed a sector perform rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. UBS Group reaffirmed a buy rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. StockNews.com lowered shares of AT&T from a buy rating to a hold rating in a report on Friday, May 3rd. Scotiabank upped their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a sector outperform rating in a report on Thursday, April 25th. Finally, Wolfe Research raised shares of AT&T from a peer perform rating to an outperform rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $21.54.

Check Out Our Latest Stock Analysis on AT&T

AT&T Price Performance

Shares of T opened at $18.76 on Tuesday. The company’s 50-day moving average is $17.47 and its 200-day moving average is $17.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market capitalization of $134.48 billion, a PE ratio of 10.08, a PEG ratio of 4.25 and a beta of 0.60. AT&T has a fifty-two week low of $13.43 and a fifty-two week high of $18.81.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts forecast that AT&T will post 2.24 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.92%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently added to or reduced their stakes in T. Natixis Advisors L.P. grew its position in shares of AT&T by 1.6% during the 3rd quarter. Natixis Advisors L.P. now owns 740,864 shares of the technology company’s stock valued at $11,128,000 after acquiring an additional 11,844 shares during the period. Profund Advisors LLC increased its position in AT&T by 10.6% in the third quarter. Profund Advisors LLC now owns 77,285 shares of the technology company’s stock worth $1,161,000 after buying an additional 7,412 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of AT&T by 2.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 467,611 shares of the technology company’s stock valued at $7,024,000 after buying an additional 10,882 shares during the period. Samalin Investment Counsel LLC increased its holdings in AT&T by 37.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 23,314 shares of the technology company’s stock worth $350,000 after acquiring an additional 6,368 shares during the last quarter. Finally, Rench Wealth Management Inc. raised its stake in AT&T by 2.3% in the 3rd quarter. Rench Wealth Management Inc. now owns 277,432 shares of the technology company’s stock valued at $4,167,000 after acquiring an additional 6,114 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

(Get Free Report)

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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Analyst Recommendations for AT&T (NYSE:T)

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