In yesterday’s Wall Street session, AT&T Inc. (NYSE:T) shares traded at $18.93, down -0.47% from the previous session.
T stock price is now 12.60% away from the 50-day moving average and 2.31% away from the 200-day moving average. The market capitalization of the company currently stands at $133.43B.
With the price target maintained at $24, Raymond James recently Upgraded its rating from Outperform to Strong Buy for AT&T Inc. (NYSE: T). On October 21, 2022, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $21, while ‘Barclays’ rates the stock as ‘Equal Weight’.
Insiders disposed of 1,421,603 shares of company stock worth roughly $26.91 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in T stock. A new stake in AT&T Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $151,537,000. TWO SIGMA INVESTMENTS, LP invested $44,797,000 in shares of T during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in AT&T Inc. valued at approximately $37,117,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in T for approximately $33,985,000. QUANTITATIVE INVESTMENT MANAGEMENT, LLC purchased a new stake in T valued at around $17,329,000 in the second quarter. In total, there are 2,937 active investors with 55.10% ownership of the company’s stock.
On Wednesday morning AT&T Inc. (NYSE: T) stock kicked off with the opening price of $19.00. During the past 12 months, AT&T Inc. has had a low of $14.46 and a high of $21.53. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for T is $16.81 and a two-hundred day moving average price translates $18.49 for the stock.
The latest earnings results from AT&T Inc. (NYSE: T) was released for Sep, 2022. According to the Telecom Services Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.61 by 0.07. This compares to $0.80 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 13.80% for T. The company reported revenue of $30.04 billion for the quarter, compared to $31.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.1 percent. For the current quarter, analysts expect T to generate $31.49B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/01/2022. Investors who held shares on 10/10/2022 were paid a $0.2775 dividend. On an annualized basis, this represents a $1.11 dividend and a 5.86% percent yield. There was an ex-dividend date of 10/06/2022 for this dividend. In terms of dividend payout ratio, T is presently at 57.60%.
AT&T Inc.(T) Company Profile
AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company’s Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.