AT&T (T) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of AT&T (NYSE:T) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research analysts also recently weighed in on T. SunTrust Banks raised their price target on shares of AT&T from $36.00 to $40.00 and gave the company a hold rating in a report on Thursday, February 1st. Scotiabank set a $40.00 price target on shares of AT&T and gave the company a hold rating in a report on Tuesday, January 30th. Moffett Nathanson restated a neutral rating on shares of AT&T in a report on Monday, October 16th. Vetr upgraded shares of AT&T from a hold rating to a buy rating and set a $39.60 price target on the stock in a report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of AT&T from a sell rating to a hold rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $42.57.

Shares of AT&T (NYSE:T) opened at $36.63 on Friday. The stock has a market cap of $224,870.00, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 2.63 and a beta of 0.37. AT&T has a 52 week low of $32.55 and a 52 week high of $42.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. equities research analysts expect that AT&T will post 3.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.50 per share. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.46%. AT&T’s payout ratio is presently 41.67%.

In other news, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares in the company, valued at approximately $2,026,059.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares in the last quarter. American Century Companies Inc. boosted its position in AT&T by 90.2% in the fourth quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock valued at $617,671,000 after buying an additional 7,535,393 shares in the last quarter. Janus Henderson Group PLC boosted its position in AT&T by 6,188.8% in the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after buying an additional 6,790,430 shares in the last quarter. Nordea Investment Management AB boosted its position in AT&T by 37.7% in the third quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after buying an additional 6,330,819 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after buying an additional 5,619,434 shares in the last quarter. Institutional investors own 55.49% of the company’s stock.

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About AT&T

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 ValuEngine’s full report, visit ValuEngine’s official website.

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