Vetr upgraded shares of AT&T (NYSE:T) from a hold rating to a buy rating in a research report released on Wednesday, January 3rd. They currently have $39.38 price objective on the technology company’s stock.

T has been the subject of a number of other reports. Jefferies Group restated a buy rating and issued a $36.38 price objective (down from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research lowered shares of AT&T from a hold rating to a sell rating in a report on Thursday, October 26th. Deutsche Bank decreased their price objective on shares of AT&T from $41.00 to $38.00 and set a hold rating for the company in a report on Wednesday, October 25th. Moffett Nathanson restated a neutral rating on shares of AT&T in a report on Monday, October 16th. Finally, SunTrust Banks restated a hold rating and issued a $36.00 price objective on shares of AT&T in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. AT&T has a consensus rating of Hold and a consensus target price of $42.52.

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AT&T (T) opened at $37.26 on Wednesday. AT&T has a 1-year low of $32.55 and a 1-year high of $42.70. The stock has a market cap of $228,740.00, a P/E ratio of 17.91, a PEG ratio of 2.99 and a beta of 0.44. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.37%. AT&T’s payout ratio is presently 96.15%.

Hedge funds have recently modified their holdings of the company. Israel Discount Bank of New York boosted its holdings in AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after buying an additional 25 shares during the period. Greatmark Investment Partners Inc. boosted its holdings in AT&T by 0.4% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after buying an additional 53 shares during the period. Cim LLC boosted its holdings in AT&T by 1.0% in the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after buying an additional 62 shares during the period. Stratford Consulting LLC boosted its holdings in AT&T by 0.9% in the 2nd quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock worth $275,000 after buying an additional 68 shares during the period. Finally, Moon Capital Management LLC boosted its holdings in AT&T by 0.3% in the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after buying an additional 75 shares during the period. 55.75% of the stock is owned by hedge funds and other institutional investors.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for AT&T (NYSE:T)

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