AT&T Inc. (NYSE:T) Receives $22.06 Consensus Price Target from Analysts

AT&T Inc. (NYSE:T) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.06.

Several brokerages have recently commented on T. Barclays boosted their price objective on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Moffett Nathanson boosted their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. The Goldman Sachs Group began coverage on AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. Finally, Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th.

Institutional Investors Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of T. Vantage Financial Partners LLC raised its holdings in shares of AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after buying an additional 7,762 shares during the period. Gilbert & Cook Inc. increased its holdings in AT&T by 4.1% during the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after purchasing an additional 1,212 shares during the period. Fisher Asset Management LLC increased its holdings in AT&T by 40.8% during the 4th quarter. Fisher Asset Management LLC now owns 142,331 shares of the technology company’s stock worth $2,388,000 after purchasing an additional 41,244 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after acquiring an additional 1,194 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of AT&T by 5.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 12,570 shares of the technology company’s stock valued at $211,000 after acquiring an additional 633 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of AT&T stock opened at $21.50 on Thursday. The stock’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $18.05. AT&T has a 52 week low of $14.12 and a 52 week high of $21.60. The company has a market capitalization of $154.16 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 3.57 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, analysts expect that AT&T will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.