Barclays Lowers AT&T (T) Price Target to $40.00

AT&T (NYSE:T) had its target price lowered by Barclays from $41.00 to $40.00 in a report issued on Friday morning, MarketBeat.com reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised AT&T from a sell rating to a hold rating in a research report on Friday, January 12th. Wells Fargo cut their price objective on AT&T from $48.00 to $40.00 and set an outperform rating for the company in a research report on Friday, March 23rd. KeyCorp raised their price objective on AT&T from $35.00 to $38.00 and gave the company a sector weight rating in a research report on Tuesday, January 2nd. Vetr raised AT&T from a hold rating to a buy rating and set a $39.38 price objective for the company in a research report on Wednesday, January 3rd. Finally, Guggenheim initiated coverage on AT&T in a research report on Tuesday, March 13th. They issued a buy rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T presently has a consensus rating of Hold and a consensus price target of $41.47.

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Shares of NYSE T opened at $35.64 on Friday. AT&T has a 52 week low of $32.55 and a 52 week high of $40.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The company has a market cap of $215,724.45, a P/E ratio of 11.69, a P/E/G ratio of 2.42 and a beta of 0.39.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that AT&T will post 3.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.61%. AT&T’s dividend payout ratio (DPR) is currently 65.57%.

In related news, Director Richard W. Fisher acquired 2,600 shares of the stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the purchase, the director now directly owns 2,600 shares in the company, valued at $99,060. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Donovan acquired 27,997 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the purchase, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. bought a new position in shares of AT&T in the 2nd quarter valued at $314,000. New Capital Management LP increased its stake in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of AT&T in the 3rd quarter valued at $104,000. Macroview Investment Management LLC increased its stake in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Earnest Partners LLC bought a new position in shares of AT&T in the 4th quarter valued at $113,000. Hedge funds and other institutional investors own 55.93% of the company’s stock.

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AT&T Company Profile

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.

Analyst Recommendations for AT&T (NYSE:T)

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