Somewhat Negative News Coverage Somewhat Unlikely to Affect AT&T (T) Share Price
News coverage about AT&T (NYSE:T) has been trending somewhat negative on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AT&T earned a news sentiment score of -0.23 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.3981488296555 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Form 3 OFFICE DEPOT INC For: Jan 08 Filed by: Lower Joseph T (streetinsider.com)
- If the Job You Have Isn’t the Life You Want, the Answer is Simple: Jump (inc.com)
- AT&T Bails: Huawei Phones Will Not Be Offered Through U.S. Carriers (finance.yahoo.com)
- Turner CEO: The biggest growth in video will happen in mo… (finance.yahoo.com)
- As companies give bonuses, prospect of pay gains still hazy (marketbeat.com)
Several equities analysts have weighed in on the stock. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 price objective on the stock in a research report on Wednesday. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. KeyCorp lifted their price objective on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley lifted their price objective on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.59.
AT&T (T) traded down $0.87 during mid-day trading on Wednesday, hitting $36.62. 41,072,520 shares of the company traded hands, compared to its average volume of 30,970,000. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T has a 1-year low of $32.55 and a 1-year high of $42.70. The firm has a market cap of $224,810.00, a price-to-earnings ratio of 17.61, a PEG ratio of 3.14 and a beta of 0.44.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. During the same period in the previous year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. sell-side analysts anticipate that AT&T will post 2.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is presently 94.23%.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.
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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.
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