AT&T (NYSE:T – Get Free Report) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a $20.00 price target on the technology company’s stock. Barclays‘s target price indicates a potential upside of 18.38% from the company’s current price.
T has been the subject of a number of other reports. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Scotiabank upped their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Finally, Tigress Financial lifted their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.
Check Out Our Latest Research Report on T
AT&T Trading Down 0.7 %
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. Sell-side analysts forecast that AT&T will post 2.22 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of AT&T by 33.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock worth $651,000 after acquiring an additional 10,758 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of AT&T during the 3rd quarter worth approximately $237,000. PDS Planning Inc boosted its holdings in shares of AT&T by 8.7% in the 3rd quarter. PDS Planning Inc now owns 26,173 shares of the technology company’s stock valued at $393,000 after buying an additional 2,104 shares in the last quarter. Garrison Asset Management LLC purchased a new position in shares of AT&T in the 3rd quarter valued at $158,000. Finally, All Season Financial Advisors Inc. raised its stake in AT&T by 2.4% during the 3rd quarter. All Season Financial Advisors Inc. now owns 41,459 shares of the technology company’s stock worth $623,000 after acquiring an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.
AT&T Company Profile
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
Featured Articles
- Five stocks we like better than AT&T
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- 3 Warren Buffett Stocks to Buy Now
- Hilton Demonstrates Asset Light is Right for Investors
- What is Put Option Volume?
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.