Barclays analyst Kannan Venkateshwar maintained a Hold rating on AT&T (T – Research Report) today and set a price target of $20.00. The company’s shares closed yesterday at $17.53.
Venkateshwar covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Telus, and Verizon. According to TipRanks, Venkateshwar has an average return of 6.5% and a 58.14% success rate on recommended stocks.
In addition to Barclays, AT&T also received a Hold from KeyBanc’s Brandon Nispel in a report issued on January 25. However, on the same day, Deutsche Bank maintained a Buy rating on AT&T (NYSE: T).
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T market cap is currently $123.3B and has a P/E ratio of 8.82.
Based on the recent corporate insider activity of 180 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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