AT&T (NYSE:T) has been assigned a $40.00 target price by equities research analysts at Scotiabank in a research report issued on Tuesday. The firm currently has a “hold” rating on the technology company’s stock. Scotiabank’s price target points to a potential upside of 6.84% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price target on shares of AT&T in a research note on Friday, November 10th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price target for the company. in a research note on Wednesday, November 29th. Robert W. Baird cut their price target on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.41.
Shares of AT&T (T) traded up $0.18 on Tuesday, reaching $37.44. 29,870,070 shares of the company traded hands, compared to its average volume of 28,470,000. AT&T has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The firm has a market capitalization of $229,840.00, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.99 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.
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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.
