Analysts Set AT&T Inc. (NYSE:T) PT at $21.89

AT&T Inc. (NYSE:T – Get Rating) has earned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.89.

Several research analysts recently weighed in on T shares. Barclays cut their target price on AT&T from $19.00 to $18.00 in a research report on Friday, April 28th. HSBC raised AT&T from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, April 20th. Cowen raised their price objective on AT&T from $24.00 to $25.00 in a research report on Thursday, January 26th. TD Cowen cut their price objective on AT&T from $25.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, April 21st. Finally, Credit Suisse Group raised their price objective on AT&T from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, January 26th.

AT&T Stock Performance

T opened at $15.15 on Friday. The stock has a market cap of $108.31 billion, a P/E ratio of -11.93, a P/E/G ratio of 1.74 and a beta of 0.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $18.06 and its 200 day simple moving average is $18.68. AT&T has a 1-year low of $14.46 and a 1-year high of $21.53.

AT&T (NYSE:T – Get Rating) last announced its earnings results on Thursday, April 20th. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $30.14 billion for the quarter, compared to analysts’ expectations of $30.22 billion. AT&T had a positive return on equity of 15.47% and a negative net margin of 7.52%. AT&T’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts anticipate that AT&T will post 2.41 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 7.33%. The ex-dividend date was Thursday, April 6th. AT&T’s dividend payout ratio is currently -87.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of T. Axiom Financial Strategies LLC raised its position in shares of AT&T by 12.2% during the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after buying an additional 1,941 shares during the last quarter. Roundview Capital LLC raised its position in shares of AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after buying an additional 9,450 shares during the last quarter. Sei Investments Co. raised its position in shares of AT&T by 23.1% during the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after buying an additional 206,434 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after buying an additional 25,028 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after buying an additional 11,722 shares during the last quarter. Institutional investors and hedge funds own 51.86% of the company’s stock.

About AT&T

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.