AT&T Inc. (NYSE:T – Get Free Report) shot up 2.4% during trading on Monday . The company traded as high as $24.32 and last traded at $24.29. 14,192,591 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 38,168,836 shares. The stock had previously closed at $23.73.
Analyst Upgrades and Downgrades
T has been the topic of several recent analyst reports. Evercore ISI increased their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.
View Our Latest Stock Analysis on T
AT&T Stock Up 2.2 %
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts predict that AT&T Inc. will post 2.15 EPS for the current year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of T. Point72 Asia Singapore Pte. Ltd. acquired a new stake in AT&T in the second quarter valued at approximately $44,000. AMF Tjanstepension AB grew its holdings in AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the period. Czech National Bank grew its holdings in AT&T by 6.9% in the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock valued at $32,134,000 after purchasing an additional 94,312 shares during the period. Harbor Investment Advisory LLC grew its holdings in AT&T by 27.1% in the third quarter. Harbor Investment Advisory LLC now owns 13,740 shares of the technology company’s stock valued at $302,000 after purchasing an additional 2,932 shares during the period. Finally, GAMMA Investing LLC grew its holdings in AT&T by 39.2% in the third quarter. GAMMA Investing LLC now owns 131,975 shares of the technology company’s stock valued at $2,903,000 after purchasing an additional 37,162 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.
About AT&T
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.
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