Shares of AT&T Inc. (NYSE:T – Get Free Report) fell 0.5% throughout buying and selling on Thursday . The corporate traded as little as $22.09 and final traded at $22.09. 10,170,934 shares modified fingers throughout buying and selling, a decline of 72% from the common session quantity of 35,938,863 shares. The inventory had beforehand closed at $22.19.
Analyst Upgrades and Downgrades
A variety of analysis corporations have commented on T. TD Cowen upped their worth goal on shares of AT&T from $21.00 to $23.00 and gave the corporate a “maintain” ranking in a analysis observe on Thursday, July twenty fifth. Barclays upped their goal worth on AT&T from $20.00 to $22.00 and gave the corporate an “chubby” ranking in a report on Thursday, July twenty fifth. The Goldman Sachs Group initiated protection on AT&T in a report on Monday, July 1st. They issued a “purchase” ranking and a $22.00 goal worth on the inventory. Daiwa America upgraded AT&T to a “maintain” ranking in a report on Friday, July twenty sixth. Lastly, Oppenheimer upped their goal worth on AT&T from $21.00 to $23.00 and gave the corporate an “outperform” ranking in a report on Thursday, July twenty fifth. One equities analysis analyst has rated the inventory with a promote ranking, 9 have given a maintain ranking, ten have assigned a purchase ranking and one has issued a powerful purchase ranking to the inventory. In response to MarketBeat, the corporate presently has a consensus ranking of “Average Purchase” and a consensus worth goal of $22.38.
View Our Newest Inventory Evaluation on T
AT&T Inventory Down 0.5 %
The corporate has a fast ratio of 0.66, a present ratio of 0.70 and a debt-to-equity ratio of 1.05. The corporate has a market capitalization of $158.25 billion, a P/E ratio of 11.86, a PEG ratio of three.75 and a beta of 0.59. The agency has a 50-day transferring common worth of $20.35 and a two-hundred day transferring common worth of $18.60.
AT&T (NYSE:T – Get Free Report) final posted its quarterly earnings knowledge on Wednesday, July twenty fourth. The know-how firm reported $0.57 earnings per share for the quarter, assembly the consensus estimate of $0.57. AT&T had a return on fairness of 14.16% and a web margin of 10.41%. The corporate had income of $29.80 billion in the course of the quarter, in comparison with analysts’ expectations of $30.05 billion. Throughout the identical interval within the prior yr, the enterprise earned $0.63 earnings per share. AT&T’s income for the quarter was down .3% in comparison with the identical quarter final yr. Equities analysis analysts anticipate that AT&T Inc. will put up 2.22 EPS for the present fiscal yr.
AT&T Dividend Announcement
The agency additionally not too long ago disclosed a quarterly dividend, which shall be paid on Friday, November 1st. Stockholders of file on Thursday, October tenth shall be given a $0.2775 dividend. The ex-dividend date is Thursday, October tenth. This represents a $1.11 annualized dividend and a dividend yield of 5.03%. AT&T’s dividend payout ratio is 59.68%.
Institutional Inflows and Outflows
Hedge funds and different institutional buyers have not too long ago purchased and offered shares of the corporate. Campbell & CO Funding Adviser LLC lifted its holdings in shares of AT&T by 49.7% in the course of the fourth quarter. Campbell & CO Funding Adviser LLC now owns 66,612 shares of the know-how firm’s inventory valued at $1,118,000 after buying an extra 22,113 shares in the course of the interval. CWA Asset Administration Group LLC lifted its holdings in shares of AT&T by 19.9% in the course of the fourth quarter. CWA Asset Administration Group LLC now owns 19,287 shares of the know-how firm’s inventory valued at $324,000 after buying an extra 3,204 shares in the course of the interval. Rafferty Asset Administration LLC lifted its holdings in shares of AT&T by 4.2% in the course of the fourth quarter. Rafferty Asset Administration LLC now owns 554,794 shares of the know-how firm’s inventory valued at $9,309,000 after buying an extra 22,211 shares in the course of the interval. CIBC Non-public Wealth Group LLC elevated its stake in shares of AT&T by 2.3% within the fourth quarter. CIBC Non-public Wealth Group LLC now owns 263,249 shares of the know-how firm’s inventory valued at $4,417,000 after shopping for an extra 5,882 shares within the final quarter. Lastly, Crossmark International Holdings Inc. elevated its stake in shares of AT&T by 29.7% within the fourth quarter. Crossmark International Holdings Inc. now owns 733,399 shares of the know-how firm’s inventory valued at $12,307,000 after shopping for an extra 167,902 shares within the final quarter. 57.10% of the inventory is owned by institutional buyers.
About AT&T
AT&T Inc gives telecommunications and know-how providers worldwide. The corporate operates by way of two segments, Communications and Latin America. The Communications phase gives wi-fi voice and knowledge communications providers; and sells handsets, wi-fi knowledge playing cards, wi-fi computing units, carrying instances/protecting covers, and wi-fi chargers by way of its personal company-owned shops, brokers, and third-party retail shops.
Additional Studying
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