AT&T (NYSE:T) Trading Down 0.8%

AT&T Inc. (NYSE:T)’s share price fell 0.8% during mid-day trading on Friday . The company traded as low as $17.97 and last traded at $18.14. 11,423,141 shares changed hands during trading, a decline of 69% from the average session volume of 36,752,688 shares. The stock had previously closed at $18.28.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, April 29th. Finally, Scotiabank increased their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.32.

AT&T Stock Down 0.7 %

The company has a market cap of $130.21 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.60 and a beta of 0.60. The company has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $16.98. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.11%. AT&T’s dividend payout ratio is currently 59.68%.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently added to or reduced their stakes in T. Westwood Holdings Group Inc. increased its position in shares of AT&T by 493.7% during the first quarter. Westwood Holdings Group Inc. now owns 123,987 shares of the technology company’s stock worth $2,182,000 after purchasing an additional 103,102 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in AT&T by 4.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,402,421 shares of the technology company’s stock worth $42,157,000 after buying an additional 94,566 shares during the last quarter. Peninsula Wealth LLC acquired a new position in AT&T during the 1st quarter valued at about $474,000. Soltis Investment Advisors LLC raised its stake in AT&T by 44.2% in the first quarter. Soltis Investment Advisors LLC now owns 96,148 shares of the technology company’s stock valued at $1,692,000 after buying an additional 29,460 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. acquired a new stake in AT&T in the first quarter worth about $336,000. 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.