AT&T Inc. (NYSE:T) Receives Average Recommendation of “Moderate Buy” from Brokerages

AT&T Inc. (NYSE:T) has received an average recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.45.

Several brokerages have recently commented on T. Barclays raised their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial increased their price objective on shares of 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 price objective on the stock in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in AT&T in the 3rd quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T in the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $28,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.0 %

NYSE T opened at $27.69 on Thursday. AT&T has a 52 week low of $15.94 and a 52 week high of $27.86. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $198.76 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The stock’s 50-day moving average price is $24.01 and its 200-day moving average price is $22.64.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts predict that AT&T will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.01%. AT&T’s dividend payout ratio is presently 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.