AT&T (T) Stock Rating Reaffirmed by Argus

Argus restated their buy rating on shares of AT&T (NYSE:T) in a report released on Friday morning. The firm currently has a $48.00 price objective on the technology company’s stock.

A number of other research firms also recently commented on T. Deutsche Bank upped their price objective on AT&T from $35.00 to $37.00 and gave the stock a hold rating in a report on Monday, September 24th. Zacks Investment Research downgraded AT&T from a strong-buy rating to a hold rating in a report on Tuesday, September 25th. Barclays set a $33.00 price objective on AT&T and gave the stock a hold rating in a report on Wednesday, October 10th. UBS Group upgraded AT&T from a neutral rating to a buy rating and upped their price objective for the stock from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, ValuEngine upgraded AT&T from a strong sell rating to a sell rating in a report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $37.95.

T stock opened at $29.09 on Friday. The firm has a market cap of $178.58 billion, a PE ratio of 9.54, a PEG ratio of 2.31 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. AT&T has a 52 week low of $28.85 and a 52 week high of $39.33.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, analysts forecast that AT&T will post 3.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Wednesday, October 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $2.00 annualized dividend and a yield of 6.88%. AT&T’s dividend payout ratio is currently 65.57%.

In related news, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the acquisition, the director now owns 31,405 shares in the company, valued at $1,020,034.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Price Wealth Management Inc. lifted its position in shares of AT&T by 165.1% during the second quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock worth $106,000 after purchasing an additional 2,064 shares during the last quarter. Chessman Wealth Strategies RIA bought a new position in shares of AT&T during the third quarter worth about $114,000. CKW Financial Group lifted its position in shares of AT&T by 105.0% during the second quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,159 shares during the last quarter. Braun Bostich & Associates Inc. bought a new position in shares of AT&T during the first quarter worth about $137,000. Finally, Hoertkorn Richard Charles lifted its position in shares of AT&T by 66.7% during the third quarter. Hoertkorn Richard Charles now owns 5,000 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,000 shares during the last quarter. 64.76% of the stock is owned by institutional investors.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Featured Article: Stock Selection – What is cash flow?

Analyst Recommendations for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with's FREE daily email newsletter.

Leave a Reply