JPMorgan Chase & Co. upgraded shares of AT&T (NYSE:T) from a neutral rating to an overweight rating in a research report released on Monday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $38.00 price objective on the technology company’s stock.
Other analysts have also recently issued research reports about the company. Bank of America set a $37.00 target price on AT&T and gave the stock a buy rating in a research report on Tuesday, October 23rd. Moffett Nathanson upgraded AT&T from a sell rating to a neutral rating and set a $28.00 price objective for the company in a report on Monday, November 26th. Tigress Financial upgraded AT&T from a neutral rating to a buy rating in a report on Monday, October 22nd. Barclays set a $33.00 price objective on AT&T and gave the stock a hold rating in a report on Wednesday, October 10th. Finally, Robert W. Baird cut their price objective on AT&T from $38.00 to $35.00 and set an outperform rating for the company in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $36.42.
Shares of AT&T stock opened at $30.53 on Monday. The firm has a market capitalization of $188.65 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.44. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. AT&T has a 12 month low of $28.85 and a 12 month high of $39.33.
AT&T (NYSE:T) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). The business had revenue of $45.74 billion during the quarter, compared to analyst estimates of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. As a group, analysts predict that AT&T will post 3.51 earnings per share for the current fiscal year.
In related news, Director Michael B. Mccallister bought 4,000 shares of the business’s stock in a transaction on Friday, October 26th. The shares were bought at an average cost of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the acquisition, the director now directly owns 7,361 shares in the company, valued at $214,499.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great Lakes Advisors LLC increased its stake in shares of AT&T by 2.2% in the third quarter. Great Lakes Advisors LLC now owns 68,734 shares of the technology company’s stock worth $2,308,000 after purchasing an additional 1,479 shares during the period. Ibex Wealth Advisors grew its position in AT&T by 0.8% during the third quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock worth $6,644,000 after buying an additional 1,493 shares in the last quarter. SSI Investment Management Inc. grew its position in AT&T by 10.0% during the second quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock worth $549,000 after buying an additional 1,553 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in AT&T by 1.7% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock worth $3,059,000 after buying an additional 1,553 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its position in AT&T by 27.0% during the second quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock worth $235,000 after buying an additional 1,560 shares in the last quarter. Institutional investors own 63.61% of the company’s stock.
AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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