T has been the subject of a number of other research reports. Jefferies Group reaffirmed a buy rating and issued a $48.00 price objective on shares of AT&T in a research report on Thursday, September 15th. Zacks Investment Research raised AT&T from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Tuesday, July 5th. Vetr downgraded AT&T from a buy rating to a hold rating and set a $41.37 price objective for the company. in a research report on Tuesday, June 7th. Finally, Barclays PLC reaffirmed an overweight rating and issued a $42.00 price objective on shares of AT&T in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $41.43.
AT&T (NYSE:T) opened at 40.85 on Monday. The stock has a 50 day moving average price of $41.12 and a 200-day moving average price of $40.46. The stock has a market cap of $251.31 billion, a P/E ratio of 17.62 and a beta of 0.28. AT&T has a 12-month low of $32.17 and a 12-month high of $43.89.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities analysts expect that AT&T will post $2.86 earnings per share for the current year.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners increased its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC increased its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares during the period. Wealthcare Capital Management LLC purchased a new stake in AT&T during the second quarter worth $117,000. Finally, Invictus RG increased its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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