In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on AT&T (T – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $16.68.
Horan covers the Technology sector, focusing on stocks such as Microsoft, Verint Systems, and Cloudflare. According to TipRanks, Horan has an average return of 10.6% and a 64.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AT&T with a $19.73 average price target, which is a 18.29% upside from current levels. In a report released today, Scotiabank also maintained a Buy rating on the stock with a $22.00 price target.
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Based on AT&T’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $30.35 billion and a net profit of $3.5 billion. In comparison, last year the company earned a revenue of $30.04 billion and had a net profit of $6.03 billion
Based on the recent corporate insider activity of 183 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of T in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AT&T (T) Company Description:
AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.
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