Vetr upgraded shares of AT&T Inc. (NYSE:T) from a buy rating to a strong-buy rating in a research note released on Monday, October 16th. Vetr currently has $40.58 price objective on the technology company’s stock.
T has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of AT&T from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Wednesday, October 11th. Macquarie reaffirmed a buy rating and set a $43.00 price objective on shares of AT&T in a research report on Friday, September 1st. KeyCorp reaffirmed a hold rating on shares of AT&T in a research report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a hold rating and set a $42.00 price objective on shares of AT&T in a research report on Sunday, July 9th. Finally, Morgan Stanley boosted their price objective on shares of AT&T from $46.00 to $48.00 and gave the company an equal weight rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. AT&T currently has an average rating of Hold and an average price target of $43.09.
AT&T (NYSE T) traded up 0.4311% during trading on Monday, reaching $33.8252. The company’s stock had a trading volume of 11,719,608 shares. The firm has a market capitalization of $207.69 billion, a P/E ratio of 15.8953 and a beta of 0.49. The stock has a 50-day moving average of $37.25 and a 200 day moving average of $38.03. AT&T has a one year low of $33.33 and a one year high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 9.73% and a net margin of 7.87%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities research analysts predict that AT&T will post $2.93 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.82%. AT&T’s payout ratio is 94.69%.
In related news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in T. Vanguard Group Inc. lifted its position in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after buying an additional 9,053,649 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after purchasing an additional 6,790,430 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares during the last quarter. BlackRock Inc. increased its stake in shares of AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of AT&T by 31.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock worth $599,193,000 after purchasing an additional 3,798,090 shares during the last quarter. Institutional investors own 55.03% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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