AT&T Inc. (NYSE:T) Receives $36.72 Average Price Target from Analysts

AT&T Inc. (NYSE:T) has earned an average recommendation of “Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.72.

Several research firms have weighed in on T. Bank of America reaffirmed a “buy” rating and issued a $37.00 price target on shares of AT&T in a report on Monday, June 24th. ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Credit Suisse Group upgraded AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 25th. Raymond James increased their price objective on AT&T from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Desjardins reiterated an “average” rating and set a $55.50 price objective on shares of AT&T in a research report on Tuesday, August 6th.

In related news, CEO John T. Stankey sold 4,024 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total transaction of $137,419.60. Following the transaction, the chief executive officer now directly owns 2,366 shares in the company, valued at approximately $80,798.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.



A number of institutional investors and hedge funds have recently bought and sold shares of T. R.H. Dinel Investment Counsel Inc. acquired a new position in AT&T during the 4th quarter valued at about $468,000. Strategic Family Wealth Counselors L.L.C. acquired a new position in AT&T during the 4th quarter valued at about $547,000. Gagnon Securities LLC lifted its position in AT&T by 43.3% during the 4th quarter. Gagnon Securities LLC now owns 52,786 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 15,956 shares during the period. Landsberg Bennett & Dubbaneh LLC acquired a new position in AT&T during the 4th quarter valued at about $1,171,000. Finally, Regent Investment Management LLC lifted its position in AT&T by 4.6% during the 4th quarter. Regent Investment Management LLC now owns 98,193 shares of the technology company’s stock valued at $2,802,000 after purchasing an additional 4,350 shares during the period. Institutional investors and hedge funds own 53.05% of the company’s stock.

Shares of NYSE:T traded up $0.33 on Tuesday, hitting $34.67. The company’s stock had a trading volume of 5,254,699 shares, compared to its average volume of 34,085,632. The company has a 50-day simple moving average of $33.77 and a 200 day simple moving average of $31.87. AT&T has a 1 year low of $26.80 and a 1 year high of $34.96. The company has a market capitalization of $254.72 billion, a PE ratio of 9.85, a PEG ratio of 2.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The firm had revenue of $44.96 billion for the quarter, compared to analysts’ expectations of $44.97 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts expect that AT&T will post 3.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.88%. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Analyst Recommendations for AT&T (NYSE:T)

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