AT&T (NYSE:T) had its price target increased by research analysts at Bank of America from $39.00 to $40.00 in a note issued to investors on Friday. The firm currently has a “neutral” rating on the technology company’s stock. Bank of America’s price objective would indicate a potential upside of 5.07% from the stock’s current price.
Several other brokerages have also issued reports on T. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target on the stock. in a report on Friday, October 6th. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks lifted their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a report on Thursday. KeyCorp lifted their price target on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company. AT&T currently has a consensus rating of “Hold” and a consensus target price of $42.57.
AT&T (T) traded down $1.09 during mid-day trading on Friday, reaching $38.07. 46,097,475 shares of the company’s stock traded hands, compared to its average volume of 29,090,000. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a market cap of $233,710.00, a price-to-earnings ratio of 7.93, a P/E/G ratio of 2.96 and a beta of 0.37.
In related news, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares in the company, valued at approximately $2,026,059.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of T. Telos Capital Management Inc. increased its stake in shares of AT&T by 4.8% in the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after acquiring an additional 3,197 shares in the last quarter. Welch Investments LLC increased its stake in shares of AT&T by 9.3% in the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after acquiring an additional 9,291 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of AT&T by 11.3% in the 2nd quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock valued at $9,373,000 after acquiring an additional 25,167 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of AT&T by 9.7% in the 2nd quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock valued at $6,653,000 after acquiring an additional 15,562 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its stake in shares of AT&T by 2.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 460,224 shares of the technology company’s stock valued at $17,364,000 after acquiring an additional 10,305 shares in the last quarter. Hedge funds and other 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.
