Analysts Set AT&T Inc. (NYSE:T) PT at $30.55

Shares of AT&T Inc. (NYSE:T) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.5476.

Several research firms have recently commented on T. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Oppenheimer upped their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Citigroup upped their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. KeyCorp upped their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Finally, Morgan Stanley started coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target for the company.

AT&T Price Performance

NYSE T opened at $24.80 on Friday. AT&T has a 52 week low of $22.95 and a 52 week high of $29.79. The firm has a market capitalization of $172.33 billion, a P/E ratio of 8.32, a PEG ratio of 0.91 and a beta of 0.23. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $26.39 and a 200-day moving average price of $26.01.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

Institutional Investors Weigh In On AT&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GGM Financials LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T in the 4th quarter worth approximately $26,000. Finally, Blueline Advisors LLC purchased a new stake in AT&T in the 4th quarter worth approximately $26,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.