AT&T Inc. (NYSE:T – Get Free Report)’s stock price reached a new 52-week high during trading on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $24.00 to $26.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. AT&T traded as high as $19.19 and last traded at $19.19, with a volume of 106594 shares changing hands. The stock had previously closed at $19.11.
A number of other research firms have also recently commented on T. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Scotiabank increased their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Finally, UBS Group restated a “buy” rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.73.
Check Out Our Latest Stock Report on AT&T
Hedge Funds Weigh In On AT&T
AT&T Stock Down 0.7 %
The business’s fifty day moving average is $17.57 and its two-hundred day moving average is $17.18. The company has a market cap of $136.09 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 4.34 and a beta of 0.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.24 EPS for the current year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.85%. AT&T’s dividend payout ratio is currently 59.68%.
About AT&T
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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