AT&T (NYSE:T) Price Target Raised to $36.00 at KeyCorp

AT&T (NYSE:T) had its price target boosted by investment analysts at KeyCorp from $30.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective indicates a potential upside of 24.58% from the stock’s previous close.

A number of other analysts have also recently issued reports on T. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday. Oppenheimer increased their price target on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein dropped their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.72.

AT&T Stock Up 0.5%

Shares of AT&T stock opened at $28.90 on Wednesday. AT&T has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $26.89 and its 200 day moving average is $26.23. The company has a market cap of $201.80 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.39.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T will post 2.14 EPS for the current year.

Institutional Trading of AT&T

Hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group increased its position in shares of AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after purchasing an additional 31,935 shares during the last quarter. Rhumbline Advisers lifted its position in AT&T by 0.4% in the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after buying an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in AT&T by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after buying an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in AT&T by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock valued at $512,077,000 after acquiring an additional 248,567 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in AT&T by 140.8% during the third quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock valued at $81,575,000 after acquiring an additional 1,689,073 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.