AT&T (NYSE:T) Trading 0.6% Higher – What’s Next?

AT&T Inc. (NYSE:T) was up 0.6% during trading on Tuesday . The stock traded as high as $26.04 and last traded at $26.02. Approximately 10,068,070 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 36,840,930 shares. The stock had previously closed at $25.87.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Tigress Financial boosted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Trading Down 0.2 %

The business has a 50-day moving average of $23.38 and a 200-day moving average of $22.20. The stock has a market capitalization of $187.95 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.99 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.24%. AT&T’s payout ratio is 74.50%.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in AT&T by 83.3% in the 4th quarter. Mackenzie Financial Corp now owns 7,254,746 shares of the technology company’s stock valued at $165,191,000 after purchasing an additional 3,297,211 shares in the last quarter. Forum Financial Management LP raised its stake in shares of AT&T by 39.2% during the 4th quarter. Forum Financial Management LP now owns 156,081 shares of the technology company’s stock worth $3,554,000 after buying an additional 43,966 shares in the last quarter. Griffith & Werner Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $5,426,000. Michels Family Financial LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $267,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in AT&T during the fourth quarter worth $30,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.