AT&T (NYSE:T) Upgraded by Argus to “Buy” Rating

Argus upgraded shares of AT&T (NYSE:T) from a hold rating to a buy rating in a research report released on Thursday, Marketbeat.com reports. Argus currently has $27.00 price objective on the technology company’s stock.

Other research analysts have also issued research reports about the company. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $26.00 in a report on Monday, January 6th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Evercore ISI lifted their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Up 0.5 %

Shares of NYSE T opened at $22.02 on Thursday. The stock has a market capitalization of $157.96 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $22.79 and its 200-day moving average price is $21.28. AT&T has a 12-month low of $15.94 and a 12-month high of $24.03.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that AT&T will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 5.04%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in AT&T in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Altshuler Shaham Ltd acquired a new position in AT&T in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the third quarter valued at approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.