AT&T (NYSE:T) Price Target Raised to $32.00

AT&T (NYSE:T) had its price target lifted by Citigroup from $28.00 to $32.00 in a report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada upped their price target on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. The Goldman Sachs Group upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $27.21.

AT&T Trading Down 1.2 %

Shares of NYSE:T opened at $28.13 on Monday. AT&T has a 52 week low of $15.94 and a 52 week high of $28.61. The company’s 50 day moving average is $26.06 and its two-hundred day moving average is $23.67. The company has a market cap of $201.92 billion, a PE ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s payout ratio is 74.50%.

Institutional Trading of AT&T

Several hedge funds and other institutional investors have recently made changes to their positions in T. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter valued at approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter worth $25,000. Putney Financial Group LLC purchased a new stake in AT&T during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.