AT&T (NYSE:T – Get Rating) had its price objective increased by equities researchers at Cowen from $24.00 to $25.00 in a research report issued on Thursday, The Fly reports. Cowen's price target indicates a potential upside of 25.31% from the company's previous close.
A number of other research firms also recently commented on T. Raymond James raised shares of AT&T from an "outperform" rating to a "strong-buy" rating and dropped their target price for the company from $26.00 to $24.00 in a research report on Monday, October 24th. Morgan Stanley downgraded shares of AT&T from an "overweight" rating to an "equal weight" rating and set a $20.00 target price on the stock. in a research report on Thursday, December 15th. StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Thursday, January 5th. Barclays raised their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of AT&T from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.00.
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Shares of T opened at $19.95 on Thursday. AT&T has a twelve month low of $14.46 and a twelve month high of $22.84. The firm's fifty day simple moving average is $18.97 and its 200-day simple moving average is $18.11. The firm has a market capitalization of $142.18 billion, a price-to-earnings ratio of -16.73, a PEG ratio of 2.55 and a beta of 0.61. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.21.
AT&T (NYSE:T – Get Rating) last posted its earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $31.30 billion for the quarter, compared to the consensus estimate of $31.50 billion. AT&T had a negative net margin of 6.60% and a positive return on equity of 14.18%. The company's revenue was down 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. Equities analysts forecast that AT&T will post 2.39 EPS for the current fiscal year.Institutional Trading of AT&T
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwest Investment Counselors LLC lifted its stake in shares of AT&T by 46.3% in the third quarter. Northwest Investment Counselors LLC now owns 3,800 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,203 shares during the period. Canandaigua National Corp lifted its stake in shares of AT&T by 1.0% in the third quarter. Canandaigua National Corp now owns 77,837 shares of the technology company's stock valued at $1,194,000 after purchasing an additional 775 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of AT&T by 8.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 647,685 shares of the technology company's stock valued at $9,935,000 after purchasing an additional 50,475 shares during the period. Solitude Financial Services lifted its stake in shares of AT&T by 22.7% in the third quarter. Solitude Financial Services now owns 52,360 shares of the technology company's stock valued at $803,000 after purchasing an additional 9,675 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of AT&T in the third quarter valued at about $164,000. Hedge funds and other institutional investors own 51.86% of the company's stock.
AT&T Company Profile
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AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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