AT&T (NYSE:T) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.10-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.21. The company issued revenue guidance of $153.2 billion, compared to the consensus revenue estimate of $157.91 billion.
Shares of NYSE T opened at $26.48 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.86. AT&T has a twelve month low of $22.02 and a twelve month high of $33.88. The company’s fifty day moving average is $24.78 and its 200-day moving average is $26.19. The stock has a market cap of $189.07 billion, a price-to-earnings ratio of 220.69, a P/E/G ratio of 2.30 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Monday, January 10th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, January 7th. This represents a $2.08 annualized dividend and a dividend yield of 7.85%. AT&T’s payout ratio is 1,733.48%.
T has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded AT&T from an underweight rating to an equal weight rating and lifted their target price for the stock from $26.00 to $27.00 in a research note on Friday, January 7th. Morgan Stanley raised shares of AT&T from an equal weight rating to an overweight rating and cut their price target for the stock from $32.00 to $28.00 in a report on Thursday, December 16th. Daiwa Capital Markets assumed coverage on shares of AT&T in a research note on Thursday, December 23rd. They set a neutral rating and a $26.00 target price on the stock. KeyCorp raised shares of AT&T from an underweight rating to a sector weight rating in a research note on Thursday, October 14th. Finally, Citigroup dropped their target price on shares of AT&T from $31.00 to $29.00 and set a buy rating on the stock in a research note on Tuesday, December 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $30.42.
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In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of AT&T stock in a transaction on Monday, November 8th. The shares were bought at an average price of $25.04 per share, with a total value of $2,504,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
An institutional investor recently bought a new position in AT&T stock. OLD Mission Capital LLC acquired a new position in AT&T Inc. (NYSE:T) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,890 shares of the technology company’s stock, valued at approximately $453,000. 51.96% of the stock is currently owned by institutional investors.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.
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