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.
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.
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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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