AT&T (T) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of AT&T (NYSE: T) recently:

• 12/19/2024 – AT&T had its price target raised by analysts at UBS Group AG from $25.00 to $30.00. They now have a “buy” rating on the stock.
• 12/16/2024 – AT&T was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $28.00 price target on the stock, up previously from $19.00.
• 12/10/2024 – AT&T is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $28.00 price target on the stock.
• 12/10/2024 – AT&T is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $28.00 price target on the stock.
• 12/9/2024 – AT&T was upgraded by analysts at Sanford C. Bernstein to a “strong-buy” rating.
• 12/5/2024 – AT&T had its price target raised by analysts at The Goldman Sachs Group, Inc. from $25.00 to $28.00. They now have a “buy” rating on the stock.
• 12/4/2024 – AT&T had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $28.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – AT&T had its price target raised by analysts at Barclays PLC from $24.00 to $27.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – AT&T had its price target raised by analysts at Oppenheimer Holdings Inc. from $24.00 to $27.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – AT&T had its price target raised by analysts at Citigroup Inc. from $26.00 to $28.00. They now have a “buy” rating on the stock.
• 12/3/2024 – AT&T was upgraded by analysts at New Street Research from a “neutral” rating to a “buy” rating.
• 11/27/2024 – AT&T had its price target raised by analysts at Citigroup Inc. from $24.00 to $26.00. They now have a “buy” rating on the stock.

AT&T Stock Performance

Shares of T stock opened at $22.95 on Wednesday. The company’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $20.79. 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 Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a market cap of $164.67 billion, a PE ratio of 18.66, a P/E/G ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

Hedge Funds Weigh In On AT&T

Hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC lifted its holdings in shares of AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after purchasing an additional 91,578 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. American Capital Advisory LLC raised its holdings in shares of AT&T by 107.5% during the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in shares of AT&T during the second quarter worth approximately $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.