In a report released on February 8, Jonathan Atkin from RBC Capital maintained a Hold rating on AT&T (T – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $16.84.
Atkin covers the Real Estate sector, focusing on stocks such as DigitalBridge Group, Digital Realty, and Equinix. According to TipRanks, Atkin has an average return of 11.6% and a 70.50% success rate on recommended stocks.
In addition to RBC Capital, AT&T also received a Hold from Barclays’s Kannan Venkateshwar in a report issued on January 31. However, on February 1, Citi maintained a Buy rating on AT&T (NYSE: T).
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T market cap is currently $123.9B and has a P/E ratio of 8.60.
Based on the recent corporate insider activity of 176 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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