Royal Bank Of Canada Cuts AT&T (NYSE:T) Price Target to $27.00

AT&T (NYSE:T) had its price target reduced by analysts at Royal Bank Of Canada from $31.00 to $27.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 23.43% from the stock’s current price.

T has been the topic of a number of other research reports. BNP Paribas Exane dropped their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reduced their price objective on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

AT&T Stock Up 0.3%

Shares of T stock traded up $0.07 during trading hours on Monday, reaching $21.88. 32,894,071 shares of the stock were exchanged, compared to its average volume of 48,571,625. AT&T has a 12-month low of $19.89 and a 12-month high of $29.79. The business’s fifty day moving average is $22.98 and its two-hundred day moving average is $25.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The firm has a market capitalization of $151.99 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts expect that AT&T will post 2.32 EPS for the current fiscal year.

Institutional Trading of AT&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in T. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the 4th quarter valued at $26,000. Blueline Advisors LLC acquired a new position in AT&T in the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC increased its stake in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.