AT&T (NYSE:T) received a $40.00 price objective from equities researchers at Scotiabank in a note issued to investors on Tuesday, January 30th. The brokerage currently has a “hold” rating on the technology company’s stock. Scotiabank’s price target would suggest a potential upside of 9.41% from the company’s previous close.
A number of other analysts have also commented on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. Nomura reduced their price target on shares of AT&T to $42.00 and set a “buy” rating for the company in a research report on Tuesday, November 21st. Standpoint Research began coverage on shares of AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target for the company. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target for the company in a research report on Monday, October 16th. Finally, Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.92.
AT&T (NYSE T) traded down $0.04 during mid-day trading on Tuesday, reaching $36.56. 8,613,436 shares of the company’s stock traded hands, compared to its average volume of 33,263,391. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. AT&T has a 12-month low of $32.55 and a 12-month high of $42.70. The company has a market capitalization of $225,240.00, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. AT&T’s revenue was down .4% compared to the same quarter last year. equities research analysts predict that AT&T will post 3.48 earnings per share for the current fiscal year.
In other AT&T news, CEO John Donovan bought 27,997 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the purchase, the chief executive officer now owns 179,834 shares in the company, valued at approximately $6,416,477.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Fisher bought 2,600 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $38.10 per share, with a total value of $99,060.00. Following the completion of the purchase, the director now owns 2,600 shares of the company’s stock, valued at approximately $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in T. NEXT Financial Group Inc lifted its holdings in shares of AT&T by 3.2% during the 2nd quarter. NEXT Financial Group Inc now owns 228,699 shares of the technology company’s stock valued at $8,629,000 after purchasing an additional 7,079 shares in the last quarter. Cullinan Associates Inc. lifted its stake in AT&T by 0.8% in the 2nd quarter. Cullinan Associates Inc. now owns 160,260 shares of the technology company’s stock valued at $6,047,000 after acquiring an additional 1,300 shares in the last quarter. Trust Co. of Toledo NA OH lifted its stake in AT&T by 21.4% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 96,352 shares of the technology company’s stock valued at $3,635,000 after acquiring an additional 16,999 shares in the last quarter. Peak Capital Management LLC bought a new stake in AT&T in the 2nd quarter valued at approximately $233,000. Finally, Fisher Asset Management LLC lifted its stake in AT&T by 11.0% in the 2nd quarter. Fisher Asset Management LLC now owns 55,783 shares of the technology company’s stock valued at $2,105,000 after acquiring an additional 5,549 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.
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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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