AT&T (T) Posts Quarterly Earnings, Beats Estimates By $0.03 EPS
AT&T (NYSE:T) issued its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03, Analyst Ratings Network reports. The company had revenue of $33.16 billion for the quarter, compared to the consensus estimate of $33.06 billion.
AT&T (NYSE:T) traded up 0.57% on Tuesday, hitting $33.70. The stock had a trading volume of 24,532,008 shares. AT&T has a 52 week low of $33.09 and a 52 week high of $39.00. The stock has a 50-day moving average of $34.21 and a 200-day moving average of $34.64. The company has a market cap of $177.5 billion and a price-to-earnings ratio of 24.53.
T has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of AT&T in a research note to investors on Tuesday. They now have a $36.00 price target on the stock. On a related note, analysts at Jefferies Group initiated coverage on shares of AT&T in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $40.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of AT&T from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $38.00 price target on the stock, up previously from $34.74. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.56.
AT&T Inc (NYSE:T) is a holding company.
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