Analysts Set AT&T Inc. (NYSE:T) PT at $25.73

AT&T Inc. (NYSE:T – Get Rating) has earned an average recommendation of “Hold” from the twenty-four analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.73.

A number of brokerages recently commented on T. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $34.00 to $22.00 in a research report on Monday, April 11th. Moffett Nathanson began coverage on AT&T in a research report on Tuesday, April 5th. They issued a $19.00 target price for the company. The Goldman Sachs Group began coverage on AT&T in a research report on Monday, April 25th. They issued a “buy” rating and a $23.00 target price for the company. Cowen decreased their target price on AT&T from $33.00 to $29.00 and set a “market perform” rating for the company in a research report on Thursday, January 27th. Finally, Tigress Financial lifted their price target on AT&T from $36.00 to $41.00 in a research note on Thursday, January 20th.

Several large investors have recently bought and sold shares of the stock. Econ Financial Services Corp bought a new stake in AT&T during the 4th quarter valued at $26,000. SWS Partners bought a new stake in AT&T during the 1st quarter valued at $25,000. KRS Capital Management LLC bought a new stake in AT&T during the 4th quarter valued at $27,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in AT&T during the 1st quarter valued at $27,000. Finally, Atwood & Palmer Inc. bought a new stake in AT&T during the 4th quarter valued at $29,000. 53.47% of the stock is currently owned by institutional investors.

Shares of T stock traded up $0.12 during mid-day trading on Monday, hitting $19.84. The company’s stock had a trading volume of 34,107,316 shares, compared to its average volume of 56,638,836. The company’s fifty day simple moving average is $21.52 and its 200-day simple moving average is $23.53. AT&T has a 52 week low of $16.62 and a 52 week high of $25.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $142.03 billion, a PE ratio of 8.37, a P/E/G ratio of 2.14 and a beta of 0.58.

AT&T (NYSE:T – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). AT&T had a return on equity of 13.19% and a net margin of 10.64%. The business had revenue of $38.10 billion during the quarter, compared to the consensus estimate of $38.29 billion. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue was down 13.2% on a year-over-year basis. On average, equities analysts anticipate that AT&T will post 2.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 14th were issued a $0.278 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.60%. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

About AT&T (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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