AT&T (NYSE:T) Now Covered by Analysts at Oppenheimer

Oppenheimer started coverage on shares of AT&T (NYSE:T) in a research report report published on Tuesday morning. The brokerage issued an outperform rating and a $28.00 target price on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Moffett Nathanson raised their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Redburn Atlantic raised AT&T to a “strong sell” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

AT&T Stock Performance

Shares of T opened at $23.53 on Tuesday. The stock has a 50 day moving average of $22.39 and a 200 day moving average of $20.43. The company has a market capitalization of $168.80 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 3.63 and a beta of 0.59. AT&T has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that AT&T will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.72%. AT&T’s payout ratio is currently 90.24%.

Institutional Trading of AT&T

A number of large investors have recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,116 shares during the last quarter. American Capital Advisory LLC boosted its stake in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 3rd quarter valued at $35,000. Institutional investors own 57.10% of the company’s stock.

About AT&T

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.