AT&T (NYSE:T) had its price objective upped by analysts at SunTrust Banks from $36.00 to $40.00 in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the technology company’s stock. SunTrust Banks’ target price suggests a potential upside of 2.15% from the stock’s current price.
Other research analysts have also issued research reports about the company. Nomura decreased their price objective on AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Standpoint Research initiated coverage on AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective on the stock. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price objective on the stock in a report on Monday, October 16th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 11th. Finally, Citigroup raised their price objective on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.52.
AT&T (NYSE T) traded up $1.71 during trading on Thursday, reaching $39.16. 59,954,818 shares of the company were exchanged, compared to its average volume of 28,140,000. AT&T has a 1 year low of $32.55 and a 1 year high of $42.70. The firm has a market cap of $240,400.00, a PE ratio of 18.83, a P/E/G ratio of 2.96 and a beta of 0.44. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Israel Discount Bank of New York raised its holdings in AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares during the period. Greatmark Investment Partners Inc. raised its holdings in AT&T by 0.4% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after buying an additional 53 shares during the period. Cim LLC raised its holdings in AT&T by 1.0% in the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after buying an additional 62 shares during the period. Stratford Consulting LLC raised its holdings in AT&T by 0.9% in the 2nd quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock valued at $275,000 after buying an additional 68 shares during the period. Finally, Moon Capital Management LLC raised its holdings in AT&T by 0.3% in the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock valued at $824,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds 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.
