Vetr cut shares of AT&T Inc. (NYSE:T) from a buy rating to a hold rating in a research report sent to investors on Monday. The firm currently has $42.92 price target on the stock.
Several other analysts have also weighed in on T. Jefferies Group reissued a buy rating and set a $48.00 price objective on shares of AT&T in a report on Thursday, September 15th. Pacific Crest reissued a hold rating on shares of AT&T in a report on Wednesday, September 7th. Argus reissued a buy rating and set a $51.00 price objective (up previously from $45.00) on shares of AT&T in a report on Tuesday, July 26th. S&P Equity Research set a $46.00 price objective on AT&T and gave the stock a buy rating in a report on Sunday, July 24th. Finally, Robert W. Baird reissued a neutral rating and set a $41.00 price objective on shares of AT&T in a report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $41.43.
AT&T (NYSE:T) opened at 40.73 on Monday. The firm has a 50-day moving average of $41.05 and a 200-day moving average of $40.46. The stock has a market capitalization of $250.57 billion, a price-to-earnings ratio of 17.56 and a beta of 0.28. AT&T has a 12-month low of $32.19 and a 12-month high of $43.89.
AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $40.50 billion for 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%. Equities research analysts forecast that AT&T will post $2.86 earnings per share for the current fiscal year.
In other news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction 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 $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of T. Evercore Wealth Management LLC raised its stake in AT&T by 2.7% in the second quarter. Evercore Wealth Management LLC now owns 181,675 shares of the company’s stock valued at $7,850,000 after buying an additional 4,827 shares in the last quarter. Macquarie Group Ltd. raised its stake in AT&T by 0.4% in the second quarter. Macquarie Group Ltd. now owns 18,473,578 shares of the company’s stock valued at $798,243,000 after buying an additional 78,603 shares in the last quarter. Carnick & Kubik Group LLC acquired a new stake in AT&T during the second quarter valued at about $1,654,000. Williams Jones & Associates LLC raised its stake in AT&T by 26.9% in the second quarter. Williams Jones & Associates LLC now owns 75,131 shares of the company’s stock valued at $3,246,000 after buying an additional 15,910 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in AT&T during the second quarter valued at about $10,740,000. 53.64% of the stock is owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.