AT&T Inc. (NYSE:T) Lowered to “Buy” at Vetr Inc.
A number of other equities analysts have also weighed in on the company. Cowen and Company reissued a market perform rating and issued a $41.00 target price (down previously from $43.00) on shares of AT&T in a research report on Wednesday. Barclays PLC decreased their target price on AT&T from $41.00 to $39.00 and set an equal weight rating for the company in a research report on Friday, July 14th. Bank of America Corporation lowered AT&T from a buy rating to a neutral rating and decreased their target price for the stock from $46.00 to $39.00 in a research report on Thursday, July 13th. Zacks Investment Research lowered AT&T from a hold rating to a sell rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. Twenty research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $43.40.
Shares of AT&T (NYSE:T) opened at 39.00 on Wednesday. The company’s 50-day moving average is $37.64 and its 200-day moving average is $39.82. The stock has a market cap of $239.46 billion, a P/E ratio of 18.40 and a beta of 0.47. AT&T has a 12-month low of $35.81 and a 12-month high of $43.50. AT&T also was the target of unusually large options trading on Thursday. Stock investors acquired 57,372 call options on the company. This is an increase of approximately 181% compared to the average daily volume of 20,452 call options.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. AT&T’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that AT&T will post $2.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be paid a $0.49 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.03%. AT&T’s payout ratio is 92.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ullmann Financial Group Inc. acquired a new position in AT&T during the first quarter valued at $101,000. Feltz Wealth PLAN Inc. purchased a new position in AT&T during the first quarter worth approximately $104,000. Taylor Wealth Management Partners increased its position in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in AT&T during the first quarter worth approximately $109,000. Finally, Sterling Investment Advisors Ltd. increased its position in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 55.32% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
To view Vetr’s full report, visit Vetr’s official website.
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