AT&T (T) Raised to Buy at Vetr

AT&T (NYSE:T) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $39.38 price objective on the technology company’s stock. Vetr‘s price target indicates a potential upside of 4.59% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Standpoint Research initiated coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price for the company. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 11th. Citigroup boosted their target price on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Canaccord Genuity reissued a “buy” rating and issued a $51.00 target price on shares of AT&T in a research report on Friday, November 10th. Finally, Nomura decreased their target price on AT&T to $42.00 and set a “buy” rating for the company in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average price target of $42.58.

Shares of AT&T (NYSE:T) traded down $0.89 during trading hours on Wednesday, reaching $37.65. The company’s stock had a trading volume of 38,545,760 shares, compared to its average volume of 30,810,000. AT&T has a fifty-two week low of $32.55 and a fifty-two week high of $43.03. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market cap of $231,130.00, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 3.20 and a beta of 0.44.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same period last year, the firm posted $0.74 EPS. AT&T’s quarterly revenue was down 3.0% compared to the same quarter last year. sell-side analysts anticipate that AT&T will post 2.92 EPS for the current year.

In related news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

Several large investors have recently made changes to their positions in T. Taylor Wealth Management Partners raised its holdings in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of AT&T by 0.3% during the 4th quarter. Sunbelt Securities Inc. now owns 4,994 shares of the technology company’s stock worth $212,000 after acquiring an additional 15 shares in the last quarter. Israel Discount Bank of New York raised its holdings in shares of AT&T by 0.6% during the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 25 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in shares of AT&T by 0.3% during the 1st quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock worth $398,000 after acquiring an additional 30 shares in the last quarter. Finally, American Economic Planning Group Inc. ADV raised its holdings in shares of AT&T by 0.4% during the 3rd quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the technology company’s stock worth $362,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 55.75% of the company’s stock.

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AT&T Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for AT&T (NYSE:T)

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