AT&T (T) Getting Somewhat Positive News Coverage, Study Shows

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Media coverage about AT&T (NYSE:T) has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. AT&T earned a daily sentiment score of 0.62 on their scale. InfoTrie also gave media coverage about the technology company an news buzz score of 7 out of 10, indicating that recent press coverage is likely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted AT&T’s score:

A number of research firms have recently issued reports on T. Raymond James lowered AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 target price for the company. in a research note on Friday, July 13th. Bank of America set a $37.00 price target on AT&T and gave the company a “buy” rating in a report on Tuesday, October 23rd. Barclays set a $33.00 price target on AT&T and gave the company a “hold” rating in a report on Wednesday, October 10th. Tigress Financial raised AT&T from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Finally, Deutsche Bank increased their price target on AT&T from $35.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus price target of $37.86.

NYSE:T traded down $0.35 during trading hours on Friday, reaching $30.69. 39,991,645 shares of the stock were exchanged, compared to its average volume of 45,425,812. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. AT&T has a 52 week low of $28.85 and a 52 week high of $39.33. The company has a market cap of $190.92 billion, a PE ratio of 10.06, a P/E/G ratio of 2.48 and a beta of 0.42.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm had revenue of $45.74 billion for the quarter, compared to the consensus estimate of $45.73 billion. During the same period in the prior year, the business earned $0.74 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts expect that AT&T will post 3.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date was Tuesday, October 9th. AT&T’s dividend payout ratio is presently 65.57%.

In other news, Director Michael B. Mccallister bought 4,000 shares of AT&T stock in a transaction on Friday, October 26th. The shares were bought at an average price of $29.14 per share, with a total value of $116,560.00. Following the acquisition, the director now directly owns 7,361 shares in the company, valued at approximately $214,499.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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