AT&T Inc. (NYSE:T)‘s stock had its “outperform” rating restated by research analysts at Oppenheimer in a research note issued on Wednesday, Analyst Ratings Net reports. They currently have a $40.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 12.58% from the company’s current price.

Other hedge funds and institutional investors have recently modified their holdings of the company. Eagle Asset Management increased its position in shares of AT&T by 255.2% in the third quarter. Eagle Asset Management now owns 7,019,914 shares of the company’s stock valued at $228,708,000 after buying an additional 5,043,583 shares in the last quarter. Russell Frank Co increased its position in shares of AT&T by 7.2% in the fourth quarter. Russell Frank Co now owns 6,972,933 shares of the company’s stock valued at $242,247,000 after buying an additional 465,583 shares in the last quarter. Acadian Asset Management increased its position in shares of AT&T by 28.0% in the fourth quarter. Acadian Asset Management now owns 6,542,229 shares of the company’s stock valued at $225,118,000 after buying an additional 1,429,809 shares in the last quarter. Hexavest Inc. increased its position in shares of 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. Finally, Strs Ohio increased its position in shares of 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.

Shares of AT&T (NYSE:T) opened at 35.71 on Wednesday. The firm has a market capitalization of $219.44 billion and a P/E ratio of 15.07. The firm’s 50-day moving average price is $34.32 and its 200-day moving average price is $33.69. AT&T has a one year low of $30.97 and a one year high of $36.45.

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 company had revenue of $42.10 billion for the quarter, compared to the consensus estimate of $42.77 billion. The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts forecast that AT&T will post $2.81 earnings per share for the current year.

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

T has been the subject of a number of other reports. Sanford C. Bernstein dropped their price objective on shares of AT&T from $38.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, October 2nd. Canaccord Genuity reaffirmed a “positive” rating and set a $35.00 price objective on shares of AT&T in a report on Friday, October 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $32.00 price objective (down from $34.00) on shares of AT&T in a report on Thursday, December 3rd. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of AT&T in a report on Thursday, October 1st. Finally, Nomura reaffirmed a “buy” rating and set a $39.00 price objective on shares of AT&T in a report on Sunday, October 25th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. AT&T presently has a consensus rating of “Buy” and an average 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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