AT&T (T) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for AT&T (NYSE: T):

  • 2/8/2018 – AT&T was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $40.62 price target on the stock.
  • 2/7/2018 – AT&T had its “buy” rating reaffirmed by analysts at Argus. They now have a $36.83 price target on the stock, down previously from $48.00.
  • 2/2/2018 – AT&T had its price target raised by analysts at Bank of America Corp from $39.00 to $40.00. They now have a “neutral” rating on the stock.
  • 2/2/2018 – AT&T was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/1/2018 – AT&T had its price target raised by analysts at SunTrust Banks, Inc. from $36.00 to $40.00. They now have a “hold” rating on the stock.
  • 1/30/2018 – AT&T was given a new $40.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 1/12/2018 – AT&T was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “We are optimistic about AT&T’s wireless growth opportunities from the launch of standards-based mobile 5G services in 2018 and the FirstNet project. AT&T’s DIRECTV NOW reported more than 1 million subscribers, despite cord-cutting. Vyatta buyout boosts AT&T’s SD-WAN suite. AT&T-Verizon have teamed up with Tillman to build cell towers in the United States. AT&T’s NetBond is planning to offer multiple cloud connections. AT&T is exploring a strategic option to sell a major part of its Latin American pay-TV operations. However, AT&T continues to struggle in the competitive U.S. wireless market. Loss in access lines, operating expenses, marketing costs associated with attractive discounts and union issues are other risks. AT&T-Time Warner extended their proposed deal closure deadline to Jun 21, 2018 to clear-off regulatory issues. In the past six months, the stock underperformed its industry.”
  • 1/10/2018 – AT&T was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $39.60 price target on the stock.
  • 1/3/2018 – AT&T was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $39.38 price target on the stock.
  • 1/2/2018 – AT&T had its price target raised by analysts at KeyCorp from $35.00 to $38.00. They now have a “sector weight” rating on the stock.
  • 12/31/2017 – AT&T was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/19/2017 – AT&T was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $39.98 price target on the stock.
  • 12/19/2017 – AT&T was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of AT&T have outperformed its industry over the last month. Ushering in further good news, the company recently announced a 2% dividend hike, backed by strong cash flows and business outlook. AT&T’s 5G network trials in different cities is in sync with its plan to offer 5G services from 2018. AT&T’s DIRECTV NOW reported more than 1 million subscribers, despite cord-cutting. AT&T-Verizon have teamed up with Tillman to build cell towers in the United States. AT&T’s NetBond is gearing up to offer multiple cloud connections. AT&T is exploring a strategic option to sell a major part of its Latin American pay-TV operations. However, AT&T-Time Warner had to extend their proposed deal closure deadline to Apr 22, 2018 to clear-off regulatory issues. AT&T continues to struggle in the competitive U.S. wireless market. Loss in access lines, operating expenses and union issues are other headwinds.”
  • 12/18/2017 – AT&T was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $39.75 price target on the stock.

Shares of AT&T Inc. (T) opened at $36.05 on Monday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $221,310.00, a PE ratio of 7.51, a P/E/G ratio of 2.49 and a beta of 0.37. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. analysts predict that AT&T Inc. will post 3.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.50 dividend. The ex-dividend date was Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.55%. AT&T’s dividend payout ratio (DPR) is presently 41.67%.

In related news, Director Richard W. Fisher acquired 2,600 shares of the stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the acquisition, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.

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