AT&T Inc. (NYSE:T)‘s stock had its “neutral” rating restated by equities research analysts at Goldman Sachs Group Inc in a research report issued on Saturday, April 29th. They currently have a $41.00 target price on the technology company’s stock. Goldman Sachs Group Inc’s target price indicates a potential upside of 8.04% from the stock’s current price.
T has been the topic of several other research reports. Wells Fargo & Co reiterated an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Wednesday, April 19th. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $43.32 price target for the company. in a report on Monday, January 30th. Barclays PLC restated a “hold” rating and set a $41.00 price target on shares of AT&T in a research report on Thursday, January 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $41.00 price target (down previously from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Seventeen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.16.
AT&T (NYSE:T) traded up 0.76% on Friday, hitting $38.24. The company had a trading volume of 20,346,559 shares. AT&T has a one year low of $36.10 and a one year high of $43.89. The company has a market capitalization of $235.10 billion, a P/E ratio of 18.70 and a beta of 0.39. The stock’s 50-day moving average price is $39.69 and its 200 day moving average price is $40.43.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The firm had revenue of $39.40 billion during the quarter, compared to the consensus estimate of $40.50 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts expect that AT&T will post $2.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, April 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.16%. AT&T’s dividend payout ratio is currently 93.78%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Community Financial Services Group LLC boosted its position in shares of AT&T by 8.1% in the first quarter. Community Financial Services Group LLC now owns 14,534 shares of the technology company’s stock worth $604,000 after buying an additional 1,091 shares during the period. Northern Oak Wealth Management Inc. raised its stake in AT&T by 5.4% in the first quarter. Northern Oak Wealth Management Inc. now owns 69,687 shares of the technology company’s stock worth $2,896,000 after buying an additional 3,570 shares in the last quarter. Kimelman & Baird LLC raised its stake in AT&T by 0.4% in the first quarter. Kimelman & Baird LLC now owns 77,797 shares of the technology company’s stock worth $3,232,000 after buying an additional 310 shares in the last quarter. Meridian Wealth Management LLC raised its stake in AT&T by 37.8% in the first quarter. Meridian Wealth Management LLC now owns 30,816 shares of the technology company’s stock worth $1,280,000 after buying an additional 8,454 shares in the last quarter. Finally, Green Square Capital LLC raised its stake in AT&T by 23.6% in the first quarter. Green Square Capital LLC now owns 179,354 shares of the technology company’s stock worth $7,452,000 after buying an additional 34,269 shares in the last quarter. 53.90% of the stock is currently owned by institutional investors.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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