AT&T Inc. (NYSE:T) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AT&T Inc. (NYSE:T) has been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.79.

T has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in shares of AT&T during the 3rd quarter valued at $1,030,000. Meridian Wealth Management LLC boosted its position in shares of AT&T by 1.2% in the third quarter. Meridian Wealth Management LLC now owns 59,034 shares of the technology company’s stock worth $1,299,000 after buying an additional 703 shares during the period. Certified Advisory Corp grew its stake in shares of AT&T by 17.7% in the third quarter. Certified Advisory Corp now owns 34,562 shares of the technology company’s stock valued at $760,000 after buying an additional 5,195 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in AT&T by 19.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 66,883 shares of the technology company’s stock worth $1,472,000 after acquiring an additional 10,854 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in AT&T by 16.4% in the 3rd quarter. Cerity Partners LLC now owns 1,564,886 shares of the technology company’s stock worth $34,428,000 after acquiring an additional 220,574 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $28.20 on Monday. The stock has a market cap of $202.40 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T has a twelve month low of $15.94 and a twelve month high of $28.51. The stock has a 50 day moving average of $25.70 and a two-hundred day moving average of $23.51. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its 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 net margin of 8.95% and a return on equity of 13.97%. On average, research analysts forecast that AT&T will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s dividend payout ratio is currently 74.50%.

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.