AT&T Earns A- Credit Rating from Morningstar (T)
AT&T (NYSE:T) has been given an “A-” credit rating by Morningstar. The agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AT&T in a research note on Tuesday, August 26th. They now have a $36.00 price target on the stock. Separately, 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. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.81.
AT&T (NYSE:T) opened at 34.96 on Tuesday. AT&T has a 1-year low of $31.74 and a 1-year high of $37.48. The stock has a 50-day moving average of $35.23 and a 200-day moving average of $34.83. The company has a market cap of $181.3 billion and a price-to-earnings ratio of 10.20. AT&T also was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 205,445,828 shares, an increase of 4.3% from the July 31st total of 196,919,776 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 20,707,877 shares, the short-interest ratio is currently 9.9 days.
AT&T (NYSE:T) last posted its quarterly 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 $2.60 EPS for the current fiscal year.
AT&T Inc (NYSE:T), is a holding company.
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