AT&T (NYSE:T) Price Target Increased to $35.00 by Analysts at Raymond James

AT&T (NYSE:T) had its price target increased by Raymond James from $34.00 to $35.00 in a report released on Thursday, BenzingaRatingsTable reports. They currently have an outperform rating on the technology company’s stock.

T has been the topic of a number of other research reports. Cowen restated a hold rating and set a $119.00 price objective on shares of Landstar System in a research note on Thursday. Desjardins restated an average rating and set a $90.00 price objective on shares of MFS California Municipal Fund in a research note on Friday, April 5th. ValuEngine upgraded Zumiez from a sell rating to a hold rating in a research note on Monday, July 22nd. Credit Suisse Group reiterated a buy rating and issued a $425.00 price target on shares of Boeing in a research note on Thursday. Finally, Bank of America boosted their price target on CarMax from $95.00 to $112.00 in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $36.77.

Shares of T opened at $34.15 on Thursday. The stock’s 50-day moving average is $33.03. The firm has a market capitalization of $249.23 billion, a PE ratio of 9.70, a PEG ratio of 2.14 and a beta of 0.61. AT&T has a 12 month low of $26.80 and a 12 month high of $34.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.72 and a current ratio of 0.71.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.89. The company had revenue of $44.96 billion for the quarter, compared to analysts’ expectations of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, analysts predict that AT&T will post 3.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Tuesday, July 9th. AT&T’s dividend payout ratio (DPR) is 57.95%.

A number of institutional investors have recently made changes to their positions in T. Horan Securities Inc. grew its holdings in shares of AT&T by 439.2% during the second quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after purchasing an additional 830 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of AT&T by 36.0% during the second quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after purchasing an additional 338 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $40,000. Smart Portfolios LLC grew its holdings in shares of AT&T by 44.8% during the fourth quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock valued at $46,000 after purchasing an additional 500 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of AT&T by 24.4% during the first quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after purchasing an additional 333 shares during the last quarter. 52.90% of the stock is owned by hedge funds and other institutional investors.

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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