AT&T (NYSE:T) Cut to Sell at Wall Street Zen

AT&T (NYSE:T) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

T has been the topic of a number of other reports. Oppenheimer boosted their target price on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Trading Down 0.3%

NYSE:T opened at $24.80 on Friday. The firm has a market cap of $172.33 billion, a P/E ratio of 8.32, a PEG ratio of 0.91 and a beta of 0.23. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock’s 50 day simple moving average is $26.39 and its 200-day simple moving average is $26.01. AT&T has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T will post 2.31 EPS for the current year.

Institutional Investors Weigh In On AT&T

Several institutional investors and hedge funds have recently modified their holdings of the stock. Asset Dedication LLC boosted its position in shares of AT&T by 2.3% in the first quarter. Asset Dedication LLC now owns 59,412 shares of the technology company’s stock worth $1,722,000 after buying an additional 1,328 shares during the period. Cozad Asset Management Inc. boosted its holdings in AT&T by 4.9% in the first quarter. Cozad Asset Management Inc. now owns 24,994 shares of the technology company’s stock valued at $725,000 after purchasing an additional 1,175 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new position in AT&T in the first quarter valued at about $201,000. Security Financial Services INC. bought a new position in AT&T during the 1st quarter worth approximately $260,000. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in AT&T by 0.9% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 482,132 shares of the technology company’s stock worth $13,977,000 after buying an additional 4,270 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.