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Hudson Square Research increased their target price on shares of AT&T (NYSE:T) from $37.00 to $39.00 in a research note issued on Monday. The firm currently has a “hold” rating on the stock. Hudson Square Research’s target price would indicate a potential upside of 6.15% from the company’s current price.

Shares of AT&T (NYSE:T) opened at 36.74 on Monday. AT&T has a 52 week low of $31.74 and a 52 week high of $37.44. The stock has a 50-day moving average of $35.62 and a 200-day moving average of $34.40. The company has a market cap of $190.7 billion and a P/E ratio of 10.65. AT&T also saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 185,900,383 shares, a decline of 5.7% from the April 15th total of 197,159,869 shares. Based on an average daily trading volume, of 29,145,466 shares, the short-interest ratio is presently 6.4 days. Approximately 3.6% of the company’s stock are short sold.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.02. The company had revenue of $32.50 billion for the quarter, compared to the consensus estimate of $32.36 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that AT&T will post $2.70 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on T. Analysts at Credit Suisse reiterated an “outperform” rating on shares of AT&T in a research note on Monday. They now have a $41.00 price target on the stock. Separately, analysts at Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating in a research note on Monday. Finally, analysts at Macquarie raised their price target on shares of AT&T from $32.00 to $35.00 in a research note on Monday, May 12th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.60.

AT&T Inc (NYSE:T), is a holding company.

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