AT&T Stock Rating Reaffirmed by Credit Suisse (T)
AT&T (NYSE:T)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday. They currently have a $41.00 price objective on the stock, up from their previous price objective of $39.00. Credit Suisse’s price target indicates a potential upside of 11.59% from the stock’s previous close.
AT&T (NYSE:T) traded down 1.07% during mid-day trading on Monday, hitting $36.3452. 42,519,776 shares of the company’s stock traded hands. AT&T has a one year low of $31.74 and a one year high of $37.44. The stock’s 50-day moving average is $35.62 and its 200-day moving average is $34.40. The company has a market cap of $188.6 billion and a price-to-earnings ratio of 10.71. AT&T also was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 185,900,383 shares, a drop of 5.7% from the April 15th total of 197,159,869 shares. Based on an average daily volume of 29,145,466 shares, the days-to-cover ratio is currently 6.4 days. Approximately 3.6% of the company’s shares are short sold.
AT&T (NYSE:T) last released its earnings data on Tuesday, April 22nd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.64 earnings per share. AT&T’s revenue was up 3.6% compared to the same quarter last year. 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 Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating in a research note on Monday. Separately, 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. Finally, analysts at Hilliard Lyons downgraded shares of AT&T to a “buy” rating in a research note on Thursday, April 24th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.81.
AT&T Inc (NYSE:T), is a holding company.
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