AT&T Inc. (NYSE:T) Earns “Hold” Rating from Royal Bank Of Canada
AT&T Inc. (NYSE:T)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Sunday, July 9th. They presently have a $42.00 target price on the technology company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 9.72% from the stock’s previous close.
A number of other analysts have also weighed in on T. Instinet restated a “buy” rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wells Fargo & Company reissued an “outperform” rating on shares of AT&T in a research note on Wednesday, June 28th. Finally, Macquarie reissued a “buy” rating and set a $45.00 target price (down previously from $46.00) on shares of AT&T in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.40.
Shares of AT&T (NYSE:T) traded up 0.03% during mid-day trading on Friday, hitting $38.28. The stock had a trading volume of 18,852,222 shares. AT&T has a 12-month low of $35.81 and a 12-month high of $43.48. The firm has a market cap of $70.63 billion, a P/E ratio of 18.06 and a beta of 0.47. The company has a 50 day moving average price of $37.65 and a 200 day moving average price of $39.78.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Equities analysts forecast that AT&T will post $2.95 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Elgethun Capital Management bought a new position in shares of AT&T during the fourth quarter valued at approximately $100,000. Ullmann Financial Group Inc. bought a new position in shares of AT&T during the first quarter valued at approximately $101,000. Feltz Wealth PLAN Inc. bought a new position in shares of AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners raised its position in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in shares of AT&T during the first quarter valued at approximately $109,000. 55.29% of the stock is owned by institutional investors and hedge funds.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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