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Research analysts at Macquarie increased their target price on shares of AT&T (NYSE:T) from $1.00 to $38.00 in a report released on Thursday. Macquarie’s target price suggests a potential upside of 7.56% from the company’s current price.

T has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday. They now have a $12.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AT&T in a research note on Thursday, July 24th. They now have a $35.00 price target on the stock, up previously from $34.00. Finally, analysts at RBC Capital cut their price target on shares of AT&T from $37.00 to $36.00 in a research note on Thursday, July 24th. They now have a “sector perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average target price of $35.35.

Shares of AT&T (NYSE:T) traded down 0.73% on Thursday, hitting $35.33. 23,963,118 shares of the company’s stock traded hands. AT&T has a 52-week low of $31.74 and a 52-week high of $37.48. The stock’s 50-day moving average is $35.64 and its 200-day moving average is $34.62. The company has a market cap of $183.4 billion and a P/E ratio of 10.45. AT&T also was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 199,960,170 shares, a growth of 4.4% from the June 30th total of 191,553,699 shares. Based on an average daily volume of 17,705,561 shares, the short-interest ratio is presently 11.3 days. Currently, 3.9% of the company’s stock are sold short.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.03. The company had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $33.41 billion. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that AT&T will post $2.62 EPS for the current fiscal year.

In other AT&T news, Director Beth E. Mooney bought 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The shares were purchased at an average cost of $36.26 per share, with a total value of $36,260.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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

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