In a report released today, Kannan Venkateshwar from Barclays maintained a Hold rating on AT&T (T – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $17.50.
According to TipRanks, Venkateshwar is a 4-star analyst with an average return of 7.3% and a 57.47% success rate. Venkateshwar covers the Communication Services sector, focusing on stocks such as Verizon, Walt Disney, and AT&T.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AT&T with a $20.89 average price target.
Based on AT&T’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.02 billion and a net profit of $2.19 billion. In comparison, last year the company earned a revenue of $31.34 billion and had a GAAP net loss of $23.52 billion
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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.
