AT&T Given Consensus Recommendation of “Hold” by Analysts (NYSE:T)
Shares of AT&T (NYSE:T) have received an average recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, StockRatingsNetwork reports. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.35.
A number of research firms have recently commented on T. Analysts at Macquarie raised their price target on shares of AT&T from $1.00 to $38.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock. Finally, 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.
Shares of AT&T (NYSE:T) opened at 34.47 on Wednesday. AT&T has a one year low of $31.74 and a one year high of $37.48. The stock’s 50-day moving average is $35.59 and its 200-day moving average is $34.65. The company has a market cap of $178.8 billion and a P/E ratio of 10.05.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.67 earnings per share. Analysts expect that AT&T will post $2.60 EPS for the current fiscal year.
In other AT&T news, Director Beth E. Mooney acquired 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of $36.26 per share, for a total transaction of $36,260.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AT&T Inc (NYSE:T), is a holding company.
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