Several brokerages have updated their recommendations and price targets on shares of AT&T (NYSE: T) in the last few weeks:
- 2/13/2018 – AT&T was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.01 price target on the stock.
- 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.
AT&T Inc. (NYSE:T) traded up $0.16 during trading hours on Thursday, reaching $36.47. 18,535,619 shares of the company’s stock were exchanged, compared to its average volume of 33,210,000. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. The stock has a market cap of $223,890.00, a PE ratio of 7.65, a P/E/G ratio of 2.54 and a beta of 0.37. AT&T Inc. has a one year low of $32.55 and a one year high of $42.70.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. analysts predict that AT&T Inc. will post 3.48 earnings per share for the current year.
In other news, Director Richard W. Fisher acquired 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, with a total value of $99,060.00. Following the transaction, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
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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