Tigress Financial upgraded shares of AT&T (NYSE:T) from a neutral rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports.
T has been the topic of several other research reports. Deutsche Bank lifted their target price on shares of AT&T from $35.00 to $37.00 and gave the stock a hold rating in a report on Monday, September 24th. UBS Group upgraded shares of AT&T from a neutral rating to a buy rating and lifted their target price for the stock from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of AT&T in a report on Tuesday, July 10th. They issued an underperform rating and a $29.00 target price on the stock. Bank of America reiterated a buy rating on shares of AT&T in a report on Tuesday, August 21st. Finally, Scotiabank set a $33.00 target price on shares of AT&T and gave the stock a hold rating in a report on Monday, July 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. AT&T presently has an average rating of Hold and an average target price of $37.82.
T stock opened at $32.67 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. AT&T has a 1 year low of $30.13 and a 1 year high of $39.33. The firm has a market capitalization of $201.79 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The business had revenue of $38.99 billion during the quarter, compared to analyst estimates of $38.45 billion. During the same quarter in the previous year, the business earned $0.79 EPS. AT&T’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities analysts forecast that AT&T will post 3.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 6.12%. AT&T’s payout ratio is 65.57%.
In related news, Director Matthew K. Rose acquired 65,500 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were bought at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares in the company, valued at approximately $2,481,042.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were bought at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the acquisition, the director now owns 31,405 shares in the company, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
Several large investors have recently bought and sold shares of the company. First Command Bank increased its stake in AT&T by 2.8% in the third quarter. First Command Bank now owns 78,184 shares of the technology company’s stock valued at $2,624,000 after acquiring an additional 2,122 shares during the period. Duncker Streett & Co. Inc. increased its stake in AT&T by 3.4% in the third quarter. Duncker Streett & Co. Inc. now owns 109,616 shares of the technology company’s stock valued at $3,681,000 after acquiring an additional 3,655 shares during the period. Allen Capital Group LLC increased its stake in AT&T by 8.2% in the third quarter. Allen Capital Group LLC now owns 218,943 shares of the technology company’s stock valued at $7,352,000 after acquiring an additional 16,601 shares during the period. Edge Wealth Management LLC increased its stake in AT&T by 7.3% in the third quarter. Edge Wealth Management LLC now owns 395,020 shares of the technology company’s stock valued at $13,265,000 after acquiring an additional 26,970 shares during the period. Finally, American Assets Investment Management LLC increased its stake in AT&T by 13.1% in the third quarter. American Assets Investment Management LLC now owns 86,466 shares of the technology company’s stock valued at $2,890,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 64.76% of the company’s stock.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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