AT&T Inc. (NYSE:T)‘s stock had its “hold” rating reissued by KeyCorp in a report issued on Wednesday.

Other equities research analysts have also issued reports about the company. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price target on the stock. in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Macquarie reissued a “buy” rating and set a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday. Finally, Barclays PLC dropped their price target on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.84.

AT&T (NYSE T) traded down 5.71% during trading on Wednesday, reaching $36.01. 58,580,070 shares of the company were exchanged. The stock has a market capitalization of $221.10 billion, a PE ratio of 16.92 and a beta of 0.49. AT&T has a 52-week low of $35.10 and a 52-week high of $43.03. The firm’s 50 day moving average is $37.88 and its 200 day moving average is $38.46.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. Analysts expect that AT&T will post $2.95 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the period. BlackRock Inc. boosted its position in shares of AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after purchasing an additional 3,572,307 shares during the period. Wells Fargo & Company MN boosted its position in shares of AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after purchasing an additional 1,263,645 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares during the period. 54.98% of the stock is owned by institutional investors and hedge funds.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Analyst Recommendations for AT&T (NYSE:T)

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