AT&T Inc. (NYSE:T)‘s stock had its “market perform” rating reiterated by stock analysts at FBR & Co. in a report released on Wednesday, AnalystRatingsNetwork.com reports. They presently have a $38.00 target price on the stock. FBR & Co.’s price objective suggests a potential upside of 6.95% from the company’s current price.

Shares of AT&T (NYSE:T) opened at 35.6999 on Wednesday. AT&T has a 52 week low of $30.97 and a 52 week high of $36.45. The company has a 50-day moving average price of $34.32 and a 200-day moving average price of $33.69. The company has a market capitalization of $219.38 billion and a PE ratio of 15.0633.

AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, January 26th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. The firm earned $42.10 billion during the quarter, compared to the consensus estimate of $42.77 billion. AT&T’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Analysts predict that AT&T will post $2.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Friday, January 8th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, January 6th. This is an increase from AT&T’s previous quarterly dividend of $0.45.

A number of institutional investors have recently added to or reduced their stakes in T. Neuberger Berman Group LLC boosted its position in AT&T by 101.1% in the fourth quarter. Neuberger Berman Group LLC now owns 2,333,091 shares of the company’s stock valued at $80,282,000 after buying an additional 1,172,721 shares in the last quarter. Ballentine Partners LLC boosted its position in AT&T by 1.8% in the fourth quarter. Ballentine Partners LLC now owns 27,104 shares of the company’s stock valued at $932,000 after buying an additional 482 shares in the last quarter. Mathes Company Inc. boosted its position in AT&T by 0.7% in the fourth quarter. Mathes Company Inc. now owns 74,386 shares of the company’s stock valued at $2,560,000 after buying an additional 500 shares in the last quarter. Strs Ohio boosted its position in AT&T by 2.4% in the fourth quarter. Strs Ohio now owns 5,501,200 shares of the company’s stock valued at $189,296,000 after buying an additional 126,910 shares in the last quarter. Finally, Hexavest Inc. boosted its position in AT&T by 7.9% in the fourth quarter. Hexavest Inc. now owns 6,140,352 shares of the company’s stock valued at $211,290,000 after buying an additional 448,017 shares in the last quarter.

A number of other research firms have also recently commented on T. Jefferies Group reissued a “buy” rating and issued a $34.61 target price (down from $35.40) on shares of AT&T in a research note on Wednesday. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research report on Friday, January 1st. Goldman Sachs increased their price objective on AT&T to $37.00 in a research report on Wednesday, January 13th. Finally, Nomura reaffirmed a “buy” rating and set a $39.00 price objective on shares of AT&T in a research report on Sunday, October 25th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. AT&T has an average rating of “Buy” and a consensus target price of $38.28.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (NYSE:T) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

12 Month Chart for NYSE:T

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