AT&T Inc. (NYSE:T) had its target price hoisted by Royal Bank Of Canada from $39.00 to $42.00 in a research note published on Thursday morning. They currently have a sector perform rating on the stock.
Several other research firms have also recently weighed in on T. Vetr cut AT&T from a hold rating to a sell rating and set a $41.10 price objective for the company. in a report on Thursday, December 22nd. Macquarie reiterated a buy rating and issued a $48.00 price objective on shares of AT&T in a report on Sunday, January 22nd. Jefferies Group LLC reiterated a buy rating and issued a $48.00 price objective on shares of AT&T in a report on Monday, January 16th. Deutsche Bank AG reiterated a hold rating and issued a $43.00 price objective (down previously from $44.00) on shares of AT&T in a report on Wednesday, January 11th. Finally, Zacks Investment Research cut AT&T from a hold rating to a sell rating in a report on Monday, October 3rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Hold and an average target price of $43.59.
AT&T (NYSE:T) traded up 0.5422% during midday trading on Thursday, hitting $41.9965. The stock had a trading volume of 13,638,688 shares. The company has a market cap of $258.74 billion, a P/E ratio of 19.9983 and a beta of 0.37. AT&T has a 12 month low of $35.68 and a 12 month high of $43.89. The firm’s 50-day moving average price is $41.67 and its 200 day moving average price is $40.50.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm earned $41.80 billion during the quarter, compared to analysts’ expectations of $42.14 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts expect that AT&T will post $2.84 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Massey Quick & Co. LLC bought a new stake in shares of AT&T during the fourth quarter valued at $102,000. WealthTrust Arizona LLC boosted its stake in shares of 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 during the last quarter. Wealthcare Capital Management LLC bought a new stake in shares of AT&T during the second quarter valued at $117,000. Itau Unibanco Holding S.A. bought a new stake in shares of AT&T during the third quarter valued at $127,000. Finally, Concannon Wealth Management LLC boosted its stake in shares of 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 during the last quarter. 53.86% of the stock is currently owned by institutional investors.
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.