AT&T (NYSE:T) Trading Down 0.5%

Shares of AT&T Inc. (NYSE:T) traded down 0.5% during mid-day trading on Thursday . The company traded as low as $16.81 and last traded at $16.83. 6,501,326 shares were traded during mid-day trading, a decline of 83% from the average session volume of 38,964,754 shares. The stock had previously closed at $16.92.

Analyst Ratings Changes

A number of equities analysts recently commented on T shares. Tigress Financial lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Citigroup lifted their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Trading Down 0.5 %

The company has a 50 day moving average of $16.96 and a 200-day moving average of $16.62. The stock has a market cap of $120.38 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is currently 59.68%.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently bought and sold shares of T. Pineridge Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter worth $25,000. Frank Rimerman Advisors LLC purchased a new stake in AT&T during the 4th quarter worth about $25,000. First Pacific Financial boosted its position in shares of AT&T by 166.7% during the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Carmel Capital Partners LLC boosted its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Lipe & Dalton purchased a new position in shares of AT&T in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.