AT&T Inc. (T) Receives “Buy” Rating from Macquarie
Several other equities analysts have also recently issued reports on T. Tigress Financial upgraded AT&T from an underperform rating to a neutral rating in a report on Tuesday, May 9th. Vetr cut AT&T from a buy rating to a hold rating and set a $39.55 price target on the stock. in a report on Tuesday, May 16th. Royal Bank Of Canada set a $42.00 price target on AT&T and gave the company a hold rating in a report on Saturday, May 20th. Moffett Nathanson upgraded AT&T from a sell rating to a neutral rating in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a hold rating on shares of AT&T in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $43.41.
AT&T (NYSE:T) traded up 0.05% during midday trading on Friday, reaching $37.48. 12,769,392 shares of the company traded hands. The company has a 50-day moving average price of $37.74 and a 200-day moving average price of $39.25. AT&T has a 12-month low of $35.81 and a 12-month high of $43.03. The company has a market cap of $230.13 billion, a price-to-earnings ratio of 17.61 and a beta of 0.49.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, analysts predict that AT&T will post $2.94 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in T. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T during the first quarter worth about $101,000. Feltz Wealth PLAN Inc. bought a new position in AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners increased its position in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in AT&T during the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. increased its position in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares in the last quarter. 55.00% of the stock is currently owned by institutional investors and hedge funds.
AT&T Company Profile
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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