AT&T Inc. (T) – What Are Analysts Thinking About This Stock?

AT&T Inc. (NYSE:T) has been assigned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.56.

T has been the subject of several research analyst reports. Sanford C. Bernstein lowered AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research report on Tuesday, October 13th. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and raised their target price for the company from $26.00 to $30.00 in a report on Monday, September 21st. Deutsche Bank dropped their target price on AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. KeyCorp dropped their target price on AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Finally, The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a research report on Wednesday, October 21st.

Institutional Trading of AT&T

Several hedge funds have recently modified their holdings of T. Cornermen Financial LLC purchased a new position in AT&T in the third quarter valued at $845,000. Octavia Wealth Advisors LLC purchased a new stake in AT&T during the 3rd quarter worth about $368,000. Marshall Wace LLP acquired a new stake in AT&T in the 3rd quarter valued at about $13,836,000. Headlands Technologies LLC purchased a new position in shares of AT&T in the 3rd quarter valued at about $565,000. Finally, Empowered Funds LLC boosted its stake in shares of AT&T by 25.0% in the 3rd quarter. Empowered Funds LLC now owns 1,388,427 shares of the technology company’s stock valued at $33,878,000 after buying an additional 277,777 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T stock opened at $22.15 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The firm has a market cap of $149.23 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.10 and a beta of 0.30. The firm’s 50 day moving average price is $23.57 and its 200-day moving average price is $24.88. AT&T has a one year low of $19.89 and a one year high of $29.43.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that AT&T will post 2.40 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were paid a $0.2775 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s payout ratio is 60.00%.

Key Headlines Impacting AT&T

Here are a few of the latest headlines about T:

• Neutral Sentiment: AT&T broke ground on a 54-acre global headquarters campus in Plano, Texas, including new fiber infrastructure. The project signals investment in its workforce and network capabilities, but also entails construction spending and is not an immediate earnings catalyst. AT&T Breaks Ground on New Global Headquarters
• Negative Sentiment: AT&T and Verizon plan to retire some copper landlines, prompting concerns among rural Texans who may rely on the service. The transition could bring customer, service-availability, and regulatory challenges. AT&T, Verizon Move to Retire Some Copper Landlines
• Negative Sentiment: A comparison of AT&T and Verizon favored Verizon, citing stronger cash flow, improving subscriber trends, and a growing fiber footprint—factors that may weigh on AT&T’s relative investor appeal. T vs. VZ: Which Telecom Stock Is a Better Investment Right Now?

AT&T Company Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.