AT&T (NYSE:T) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $39.75 price objective on the technology company’s stock. Vetr‘s target price suggests a potential upside of 3.95% from the stock’s current price.

Several other analysts have also issued reports on T. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Macquarie reaffirmed a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 target price on shares of AT&T in a research note on Thursday, September 21st. Morgan Stanley upped their target price on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.82.

AT&T (T) opened at $38.24 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $234,755.38, a P/E ratio of 13.05, a P/E/G ratio of 3.18 and a beta of 0.44. AT&T has a 52-week low of $32.55 and a 52-week high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. analysts anticipate that AT&T will post 2.92 EPS for the current year.

In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in T. Parametric Portfolio Associates LLC raised its holdings in AT&T by 2.7% in the third quarter. Parametric Portfolio Associates LLC now owns 15,877,935 shares of the technology company’s stock worth $621,939,000 after purchasing an additional 423,130 shares in the last quarter. AXA raised its holdings in AT&T by 9.3% in the third quarter. AXA now owns 4,217,012 shares of the technology company’s stock worth $165,181,000 after purchasing an additional 360,382 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in AT&T by 87.6% in the third quarter. Chicago Partners Investment Group LLC now owns 12,039 shares of the technology company’s stock worth $472,000 after purchasing an additional 5,621 shares in the last quarter. Institutional & Family Asset Management LLC raised its holdings in AT&T by 2.5% in the third quarter. Institutional & Family Asset Management LLC now owns 101,445 shares of the technology company’s stock worth $3,974,000 after purchasing an additional 2,444 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in AT&T in the third quarter worth $7,140,000. 55.85% of the stock is owned by institutional investors.

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AT&T Company Profile

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.

Analyst Recommendations for AT&T (NYSE:T)

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