AT&T Inc. (NYSE:T) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AT&T Inc. (NYSE:T) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.5476.

T has been the subject of several research analyst reports. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Citigroup increased their target price on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. BNP Paribas Exane cut their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. KeyCorp increased their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, March 10th.

Hedge Funds Weigh In On AT&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GGM Financials LLC bought a new position in AT&T during the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the fourth quarter valued at approximately $26,000. Finally, Blueline Advisors LLC bought a new position in AT&T during the fourth quarter valued at approximately $26,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

NYSE:T opened at $22.85 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T has a 12-month low of $21.99 and a 12-month high of $29.79. The stock has a 50-day moving average price of $24.61 and a 200 day moving average price of $25.70. The stock has a market capitalization of $158.77 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.92 and a beta of 0.21.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.9%. AT&T’s dividend payout ratio is presently 37.25%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.