AT&T (NYSE:T) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $39.98 price target on the technology company’s stock. Vetr‘s price objective points to a potential upside of 5.07% from the company’s current price.

Several other brokerages have also recently weighed in on T. Jefferies Group reaffirmed a “buy” rating and issued a $36.38 price target (down previously from $48.00) on shares of AT&T in a research report on Friday, December 1st. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Deutsche Bank lowered their price target on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $36.00 price target on shares of AT&T in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.83.

AT&T (NYSE:T) traded down $0.41 during trading on Tuesday, reaching $38.05. 29,178,583 shares of the company’s stock traded hands, compared to its average volume of 25,431,842. The stock has a market cap of $233,590.00, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.18 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 12 month low of $32.55 and a 12 month high of $43.03.

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

In related news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after acquiring an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AT&T by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock valued at $2,677,458,000 after acquiring an additional 3,500,299 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after acquiring an additional 1,672,264 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after acquiring an additional 1,263,645 shares during the last quarter. Institutional investors and hedge funds own 55.76% of the company’s stock.

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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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