AT&T (T) Rating Increased to Buy at Vetr

AT&T (NYSE:T) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $39.38 target price on the technology company’s stock. Vetr‘s price target suggests a potential upside of 3.97% from the company’s current price.

A number of other research analysts have also recently commented on T. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. KeyCorp raised their price objective on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a report on Tuesday. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Morgan Stanley raised their price objective on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.58.

AT&T (NYSE:T) traded down $0.12 during mid-day trading on Wednesday, hitting $37.88. 2,569,418 shares of the stock were exchanged, compared to its average volume of 33,074,098. The company has a market capitalization of $232,820.00, a PE ratio of 18.21, a P/E/G ratio of 3.10 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. AT&T has a 52-week low of $32.55 and a 52-week high of $42.89.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. sell-side analysts forecast that AT&T will post 2.92 EPS for the current fiscal year.

In other news, Director Matthew K. Rose bought 29,600 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after buying an additional 9,053,649 shares during the period. BlackRock Inc. lifted its holdings in shares of AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AT&T by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock worth $2,677,458,000 after purchasing an additional 3,500,299 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AT&T by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock worth $2,650,934,000 after purchasing an additional 1,672,264 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after purchasing an additional 1,263,645 shares in the last quarter. 55.75% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3126936/att-t-rating-increased-to-buy-at-vetr.html.

About AT&T

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.

Analyst Recommendations for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.