AT&T (NYSE:T - Get Free Report) was upgraded by research analysts at DZ Bank from a "hold" rating to a "buy" rating in a report released on Wednesday,Briefing.com Automated Import reports. The firm presently has a $27.00 price target on the technology company's stock. DZ Bank's target price would suggest a potential upside of 10.54% from the company's previous close.
A number of other equities research analysts also recently issued reports on T. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Scotiabank increased their price target on shares of AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price objective on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $26.11.
Check Out Our Latest Analysis on AT&T
AT&T stock opened at $24.43 on Wednesday. AT&T has a 12-month low of $15.94 and a 12-month high of $24.58. The company has a market capitalization of $175.26 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm's fifty day moving average price is $22.83 and its 200 day moving average price is $21.51.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. On average, research analysts forecast that AT&T will post 2.21 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter worth about $30,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after buying an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the fourth quarter worth about $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the third quarter worth about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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