AT&T Inc. (T) Stock Rating Lowered by Vetr Inc.
AT&T Inc. (NYSE:T) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They currently have a $39.67 price target on the technology company’s stock. Vetr‘s target price would indicate a potential upside of 10.62% from the stock’s previous close.
A number of other brokerages also recently commented on T. Morgan Stanley boosted their target price on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday. Robert W. Baird reiterated an “outperform” rating and issued a $43.00 target price on shares of AT&T in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of AT&T in a report on Wednesday. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and nine have issued a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average target price of $43.53.
Shares of AT&T (NYSE T) opened at 35.86 on Friday. AT&T has a 12 month low of $35.10 and a 12 month high of $43.03. The stock has a market capitalization of $220.18 billion, a P/E ratio of 16.85 and a beta of 0.49. The company’s 50-day moving average is $37.82 and its 200 day moving average is $38.44.
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 Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to the consensus estimate 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 was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts predict that AT&T will post $2.95 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Ullmann Financial Group Inc. purchased a new stake in AT&T in the 1st quarter worth approximately $101,000. Feltz Wealth PLAN Inc. purchased a new stake in AT&T in the 1st quarter worth approximately $104,000. Taylor Wealth Management Partners boosted its position in AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in AT&T in the 1st quarter worth approximately $109,000. Finally, Sterling Investment Advisors Ltd. boosted its position in AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 54.98% of the company’s stock.
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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