AT&T Inc. (NYSE:T) Upgraded to Strong-Buy by Vetr Inc.
AT&T Inc. (NYSE:T) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage currently has a $42.91 target price on the technology company’s stock. Vetr‘s target price would indicate a potential upside of 12.36% from the company’s previous close.
Several other research firms have also recently weighed in on T. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research report on Wednesday, April 19th. SunTrust Banks, Inc. assumed coverage on AT&T in a research report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price objective on the stock. Macquarie reissued a “buy” rating and issued a $45.00 price objective (down previously from $46.00) on shares of AT&T in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and issued a $41.00 price objective (down previously from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a research report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.50.
AT&T (NYSE T) traded down 0.44% on Thursday, reaching $38.19. 21,305,391 shares of the company’s stock were exchanged. The stock has a market capitalization of $234.49 billion, a PE ratio of 17.95 and a beta of 0.47. The firm has a 50 day moving average of $37.57 and a 200 day moving average of $39.67. AT&T has a 12 month low of $35.81 and a 12 month high of $43.46.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that AT&T will post $2.95 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Intellectus Partners LLC acquired a new position in shares of AT&T during the fourth quarter worth $1,215,000. Moloney Securities Asset Management LLC acquired a new position in shares of AT&T during the fourth quarter worth $3,275,000. Glassman Wealth Services raised its position in shares of AT&T by 43.3% in the fourth quarter. Glassman Wealth Services now owns 18,236 shares of the technology company’s stock worth $776,000 after buying an additional 5,508 shares in the last quarter. Cheviot Value Management LLC raised its position in shares of AT&T by 8.2% in the fourth quarter. Cheviot Value Management LLC now owns 42,605 shares of the technology company’s stock worth $1,812,000 after buying an additional 3,236 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of AT&T by 8.1% in the fourth quarter. Janus Capital Management LLC now owns 6,592,826 shares of the technology company’s stock worth $280,393,000 after buying an additional 495,986 shares in the last quarter. Institutional investors and hedge funds own 55.28% of the company’s stock.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
To view Vetr’s full report, visit Vetr’s official website.
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