Vetr upgraded shares of AT&T Inc. (NYSE:T) from a buy rating to a strong-buy rating in a research report released on Thursday morning. The firm currently has $44.24 price target on the technology company’s stock.

T has been the topic of several other research reports. Zacks Investment Research cut AT&T from a hold rating to a sell rating in a research report on Thursday, July 13th. Macquarie reaffirmed a buy rating and set a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. ValuEngine cut AT&T from a buy rating to a hold rating in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a hold rating and set a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. Finally, Bank of America Corporation cut AT&T from a buy rating to a neutral rating and cut their target price for the company from $46.00 to $39.00 in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. AT&T presently has an average rating of Hold and an average price target of $43.87.

Shares of AT&T (T) opened at 39.17 on Thursday. The stock’s 50 day moving average price is $37.58 and its 200-day moving average price is $38.81. AT&T has a 52 week low of $35.10 and a 52 week high of $43.03. The company has a market cap of $240.50 billion, a PE ratio of 18.41 and a beta of 0.49.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating 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 firm had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts expect that AT&T will post $2.94 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Taylor Wealth Management Partners grew its position in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after purchasing an additional 11 shares in the last quarter. Israel Discount Bank of New York grew its position in AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after buying an additional 25 shares in the last quarter. Cedar Wealth Management LLC grew its position in AT&T by 0.9% during the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after buying an additional 50 shares in the last quarter. Greatmark Investment Partners Inc. grew its position in AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after buying an additional 53 shares in the last quarter. Finally, Cim LLC grew its position in AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after buying an additional 62 shares in the last quarter. Institutional investors own 54.99% of the company’s stock.

About AT&T

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.

Analyst Recommendations for AT&T (NYSE:T)

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