AT&T (T) PT Set at $32.00 by Barclays
AT&T (NYSE:T) received a $32.00 target price from research analysts at Barclays in a note issued to investors on Friday. The firm currently has a “hold” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 3.36% from the company’s previous close.
T has been the topic of several other reports. Cowen increased their target price on shares of AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. Argus reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Friday, October 26th. Deutsche Bank increased their target price on shares of AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 24th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 target price on the stock in a report on Sunday, December 9th. Finally, UBS Group upgraded shares of AT&T from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. AT&T presently has a consensus rating of “Buy” and an average price target of $35.93.
Shares of NYSE T traded up $0.32 during trading on Friday, hitting $30.96. The company had a trading volume of 43,249,105 shares, compared to its average volume of 35,728,328. The stock has a market capitalization of $190.06 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.35 and a beta of 0.52. AT&T has a 52 week low of $26.80 and a 52 week high of $39.29. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.81 and a current ratio of 0.81.
In related news, Director Michael B. Mccallister bought 4,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the purchase, the director now owns 7,361 shares in the company, valued at approximately $214,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mackey Komara & Dankovich LLC acquired a new stake in AT&T in the 4th quarter worth about $76,000. New Capital Management LP raised its position in shares of AT&T by 234.6% in the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock valued at $96,000 after buying an additional 2,348 shares in the last quarter. Price Wealth Management Inc. raised its position in shares of AT&T by 165.1% in the 2nd quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock valued at $106,000 after buying an additional 2,064 shares in the last quarter. Chessman Wealth Strategies RIA acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $114,000. Finally, Stelac Advisory Services LLC acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $121,000. Institutional investors own 63.35% of the company’s stock.
AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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