AT&T (T) Set to Announce Quarterly Earnings on Wednesday

AT&T (NYSE:TGet Rating) is scheduled to post its quarterly earnings results on Wednesday, January 25th.

AT&T Stock Down 0.7 %

Shares of NYSE:T opened at $19.10 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 0.88. AT&T has a 52-week low of $14.46 and a 52-week high of $21.53. The company has a 50 day moving average of $18.91 and a two-hundred day moving average of $18.09. The company has a market capitalization of $136.13 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, January 9th. AT&T’s dividend payout ratio (DPR) is currently 41.11%.

Wall Street Analyst Weigh In

Several research firms have recently commented on T. Deutsche Bank Aktiengesellschaft increased their target price on AT&T from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, October 21st. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, December 8th. Royal Bank of Canada reduced their target price on AT&T from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Friday, October 21st. Truist Financial upgraded AT&T from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, October 21st. Finally, Credit Suisse Group reduced their price objective on AT&T from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

Institutional Investors Weigh In On AT&T

Large investors have recently added to or reduced their stakes in the stock. Red Wave Investments LLC increased its position in AT&T by 38.7% in the first quarter. Red Wave Investments LLC now owns 18,291 shares of the technology company’s stock worth $432,000 after buying an additional 5,102 shares during the period. High Net Worth Advisory Group LLC increased its holdings in shares of AT&T by 4.8% during the first quarter. High Net Worth Advisory Group LLC now owns 18,068 shares of the technology company’s stock valued at $427,000 after purchasing an additional 825 shares during the period. Cowa LLC increased its holdings in shares of AT&T by 6,568.5% during the first quarter. Cowa LLC now owns 1,793,569 shares of the technology company’s stock valued at $424,000 after purchasing an additional 1,766,673 shares during the period. Axiom Financial Strategies LLC increased its holdings in shares of AT&T by 12.2% during the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after purchasing an additional 1,941 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in shares of AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after purchasing an additional 11,722 shares during the period. 51.86% of the stock is owned by institutional investors and hedge funds.

AT&T Company Profile

(Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

Earnings History for AT&T (NYSE:T)

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