In yesterday’s Wall Street session, AT&T Inc. (NYSE:T) shares traded at $16.66, up 0.79% from the previous session.
As of this writing, 27 analysts cover AT&T Inc. (NYSE:T). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $9.00, we find $21.50. Given the previous closing price of $16.53, this indicates a potential upside of 30.07 percent. T stock price is now -9.22% away from the 50-day moving average and -8.51% away from the 200-day moving average. The market capitalization of the company currently stands at $118.61B.
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There are 13 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $20.60 as their price target over the next twelve months.
With the price target maintained at $21, HSBC Securities recently Upgraded its rating from Hold to Buy for AT&T Inc. (NYSE: T). On January 10, 2023, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $17 to quote $22, while ‘MoffettNathanson’ rates the stock as ‘Underperform’.
Insiders disposed of 2,276,904 shares of company stock worth roughly $37.93 million over the past 1 year. A total of 0.08% 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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $160,121,000. OFI INVEST ASSET MANAGEMENT invested $134,161,000 in shares of T during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in AT&T Inc. valued at approximately $97,547,000. JUNTO CAPITAL MANAGEMENT LP acquired a new stake in T for approximately $28,322,000. FOUNDRY PARTNERS, LLC purchased a new stake in T valued at around $19,549,000 in the second quarter. In total, there are 3,005 active investors with 54.40% ownership of the company’s stock.
Wednesday morning saw AT&T Inc. (NYSE: T) opened at $16.66. 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 1.38, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for T is $18.31 and a two-hundred day moving average price translates $18.20 for the stock.
The latest earnings results from AT&T Inc. (NYSE: T) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.58 by 0.02. This compares to $0.65 EPS in the same period last year. The net profit margin was -7.70% and return on equity was -8.50% for T. The company reported revenue of $30.14 billion for the quarter, compared to $29.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.44 percent. For the current quarter, analysts expect T to generate $30.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/01/2023. Investors who held shares on 04/10/2023 were paid a $0.2775 dividend. On an annualized basis, this represents a $1.11 dividend and a 6.66% percent yield. There was an ex-dividend date of 04/06/2023 for this dividend.
AT&T Inc.(T) Company Profile
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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides Virtual Private Networks, AT&T Dedicated Internet, Ethernet, data services, 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 services, including fiber connections and legacy telephony voice communication services to residential customers. This segment markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its owned stores, agents and third-party retail stores. 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 based in Dallas, Texas.
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