AT&T (NYSE:T) Trading Up 0.2%

AT&T Inc. (NYSE:T)’s share price traded up 0.2% during trading on Friday . The company traded as high as $21.65 and last traded at $21.63. 4,096,550 shares traded hands during trading, a decline of 89% from the average session volume of 35,950,125 shares. The stock had previously closed at $21.59.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on T. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. The Goldman Sachs Group initiated coverage on AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. upped their target price on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their target price on AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Finally, Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

AT&T Trading Down 0.1 %

The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $154.66 billion, a PE ratio of 11.60, a PEG ratio of 3.65 and a beta of 0.59. The company has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $18.13.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. Analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vantage Financial Partners LLC increased its stake in AT&T by 25.5% during the 4th quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after buying an additional 7,762 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of AT&T by 4.1% during the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock valued at $522,000 after acquiring an additional 1,212 shares during the period. Aveo Capital Partners LLC increased its stake in AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares during the period. Gryphon Financial Partners LLC boosted its holdings in AT&T by 21.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after purchasing an additional 4,870 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of AT&T by 133.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 3,882 shares of the technology company’s stock worth $65,000 after buying an additional 2,219 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Company Profile

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.