AT&T (T) Getting Somewhat Positive Press Coverage, Report Shows
News stories about AT&T (NYSE:T) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AT&T earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.0837524216263 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- T-Mobile agrees to buy Layer3 in preparation for TV service – Chicago Tribune (chicagotribune.com)
- Wednesday’s Vital Data: AT&T Inc (T), Comcast Corporation (CMCSA) and Tesla Inc (TSLA) – Investorplace.com (investorplace.com)
- Project AirGig: AT&T Plans High-Speed Internet via Power Lines (investorplace.com)
- AT&T Launches Broadband Over Power Line Project, a Threat to Traditional Broadband (feedproxy.google.com)
- AT&T Breaks Above 200-Day Moving Average – Bullish for T – Nasdaq (nasdaq.com)
Shares of AT&T (NYSE T) traded down $0.06 during midday trading on Wednesday, hitting $38.04. The stock had a trading volume of 39,648,005 shares, compared to its average volume of 25,204,721. The firm has a market capitalization of $233,530.00, a PE ratio of 12.59, a P/E/G ratio of 3.07 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T has a twelve month low of $32.55 and a twelve month high of $43.03.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. sell-side analysts expect that AT&T will post 2.92 earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. Jefferies Group restated a “buy” rating and set a $36.38 price target (down from $48.00) on shares of AT&T in a research report on Friday, December 1st. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target for the company. in a research report on Tuesday, September 26th. Deutsche Bank lowered their price target on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Finally, Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.81.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.
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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.
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