AT&T (NYSE:T) Stock Price Down 0.9%

AT&T Inc. (NYSE:T) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $15.94 and last traded at $16.09. 56,368,796 shares were traded during trading, an increase of 73% from the average session volume of 32,633,924 shares. The stock had previously closed at $16.24.

Analyst Upgrades and Downgrades

T has been the topic of several research reports. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Tigress Financial lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup increased their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Barclays increased their price target on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The business’s 50-day moving average price is $17.01 and its two-hundred day moving average price is $16.48. The firm has a market cap of $116.81 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 2.43 and a beta of 0.57.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the previous year, the firm posted $0.61 EPS. AT&T’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 56.63%.

Institutional Trading of AT&T

Several institutional investors have recently added to or reduced their stakes in T. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new stake in AT&T in the fourth quarter valued at $25,000. Carmel Capital Partners LLC lifted its stake in AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares during the last quarter. FWL Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $31,000. Finally, Financial Freedom LLC bought a new position in shares of AT&T during the fourth quarter worth about $34,000. Institutional investors own 57.10% of the company’s stock.

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.