AT&T Inc. (NYSE:T) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They presently have a $43.32 price target on the stock. Vetr‘s price target would indicate a potential upside of 3.12% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Macquarie reiterated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Sunday, January 22nd. Royal Bank Of Canada increased their price objective on shares of AT&T from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday. FBR & Co increased their price objective on shares of AT&T from $42.00 to $44.00 and gave the stock a “mkt perform” rating in a report on Thursday. RBC Capital Markets raised their target price on shares of AT&T from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a research note on Monday, January 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the stock. AT&T has an average rating of “Hold” and a consensus price target of $43.59.
AT&T (NYSE:T) opened at 42.01 on Monday. AT&T has a 12 month low of $35.79 and a 12 month high of $43.89. The firm has a 50-day moving average of $41.72 and a 200 day moving average of $40.50. The stock has a market cap of $257.90 billion, a PE ratio of 20.00 and a beta of 0.37.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business earned $41.80 billion during the quarter, compared to analyst estimates of $42.14 billion. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. Analysts anticipate that AT&T will post $2.94 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Massey Quick & Co. LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $102,000. WealthTrust Arizona LLC increased its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in AT&T during the second quarter valued at approximately $117,000. Itau Unibanco Holding S.A. purchased a new stake in AT&T during the third quarter valued at approximately $127,000. Finally, Concannon Wealth Management LLC increased its stake in AT&T by 40.3% in the third quarter. Concannon Wealth Management LLC now owns 3,145 shares of the company’s stock valued at $128,000 after buying an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 53.86% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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