AT&T Inc. (T) Rating Reiterated by Jefferies Group
Several other analysts have also commented on the stock. Vetr lowered shares of AT&T from a hold rating to a sell rating and set a $38.71 price target on the stock. in a research report on Tuesday, June 21st. Citigroup Inc. downgraded shares of AT&T from a buy rating to a neutral rating and increased their price objective for the company from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Wells Fargo & Co. reaffirmed a buy rating on shares of AT&T in a report on Friday, July 22nd. Barclays PLC increased their price objective on shares of AT&T from $42.00 to $45.00 and gave the company an overweight rating in a report on Friday, July 15th. Finally, Zacks Investment Research downgraded shares of AT&T from a buy rating to a hold rating in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $41.59.
AT&T (NYSE:T) opened at 39.96 on Thursday. The company’s 50-day moving average is $41.47 and its 200 day moving average is $40.35. AT&T has a one year low of $31.85 and a one year high of $43.89. The company has a market capitalization of $245.83 billion, a P/E ratio of 17.23 and a beta of 0.28.
AT&T (NYSE:T) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, equities analysts anticipate that AT&T will post $2.86 earnings per share for the current year.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners raised its position in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the last quarter. WealthTrust Arizona LLC raised its position 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 position in shares of AT&T during the second quarter valued at $117,000. Finally, Invictus RG raised its position in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the last quarter. 53.64% of the stock is currently owned by institutional investors.
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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