Barclays PLC reissued their hold rating on shares of AT&T Inc. (NYSE:T) in a research report sent to investors on Thursday. They currently have a $41.00 price target on the stock.

Several other brokerages have also issued reports on T. Deutsche Bank AG reissued a buy rating and issued a $45.00 target price on shares of AT&T in a research report on Monday, October 24th. Drexel Hamilton raised AT&T from a hold rating to a buy rating in a research report on Tuesday, November 29th. William Blair reissued a market perform rating on shares of AT&T in a research report on Wednesday, November 30th. Jefferies Group reissued a buy rating and issued a $48.00 target price on shares of AT&T in a research report on Tuesday, November 29th. Finally, Instinet reissued a buy rating and issued a $46.00 target price on shares of AT&T in a research report on Wednesday, November 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $43.16.

Analyst Recommendations for AT&T (NYSE:T)

Shares of AT&T (NYSE:T) traded down 0.12% on Thursday, hitting $40.96. The company had a trading volume of 13,930,315 shares. The firm’s 50 day moving average price is $41.09 and its 200-day moving average price is $40.59. The stock has a market capitalization of $251.54 billion, a PE ratio of 17.42 and a beta of 0.37. AT&T has a 52 week low of $33.43 and a 52 week high of $43.89.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.79%. This is a boost from AT&T’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 6th. AT&T’s payout ratio is 83.40%.

In other news, Director Geoffrey Y. Yang bought 27,129 shares of AT&T stock in a transaction dated Tuesday, October 25th. The shares were purchased at an average cost of $36.91 per share, with a total value of $1,001,331.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of T. River & Mercantile Asset Management LLP boosted its stake in shares of AT&T by 2,502.5% in the second quarter. River & Mercantile Asset Management LLP now owns 52,050 shares of the company’s stock valued at $2,109,000 after buying an additional 50,050 shares during the last quarter. MAI Capital Management boosted its stake in shares of AT&T by 2.0% in the second quarter. MAI Capital Management now owns 52,736 shares of the company’s stock valued at $2,279,000 after buying an additional 1,031 shares during the last quarter. Visionary Asset Management Inc. boosted its stake in shares of AT&T by 3.3% in the second quarter. Visionary Asset Management Inc. now owns 65,986 shares of the company’s stock valued at $2,850,000 after buying an additional 2,081 shares during the last quarter. Trust Co. of Oklahoma boosted its stake in shares of AT&T by 41.7% in the second quarter. Trust Co. of Oklahoma now owns 15,669 shares of the company’s stock valued at $677,000 after buying an additional 4,615 shares during the last quarter. Finally, Arbor Investment Advisors LLC boosted its stake in shares of AT&T by 6.3% in the second quarter. Arbor Investment Advisors LLC now owns 12,684 shares of the company’s stock valued at $548,000 after buying an additional 754 shares during the last quarter. 52.80% of the stock is currently owned by institutional investors.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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