AT&T Inc. (NYSE:T – Get Free Report) saw some unusual options trading activity on Thursday. Investors bought 112,599 call options on the stock. This represents an increase of approximately 59% compared to the typical volume of 70,955 call options.
Analyst Ratings Changes
Several brokerages have recently commented on T. TD Cowen increased their target price on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Evercore ISI increased their target price on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday. Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.40.
Check Out Our Latest Analysis on T
Hedge Funds Weigh In On AT&T
AT&T Price Performance
T stock opened at $22.19 on Friday. The firm has a 50 day moving average of $21.09 and a 200-day moving average of $19.06. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T has a 12 month low of $14.74 and a 12 month high of $22.58. The firm has a market capitalization of $159.11 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 3.67 and a beta of 0.60.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period last year, the business earned $0.64 earnings per share. AT&T’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that AT&T will post 2.22 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.00%. AT&T’s dividend payout ratio (DPR) is currently 63.79%.
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.
Featured Articles
- Five stocks we like better than AT&T
- What Are Dividend Challengers?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- What is a Special Dividend?
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Why Are Stock Sectors Important to Successful Investing?
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.