A number of other research analysts have also weighed in on T. Vetr lowered shares of AT&T from a buy rating to a hold rating and set a $42.92 target price on the stock. in a research note on Monday. Jefferies Group reissued a buy rating and issued a $48.00 target price on shares of AT&T in a research note on Thursday, September 15th. Pacific Crest reissued a hold rating on shares of AT&T in a research note on Wednesday, September 7th. Argus reissued a buy rating and issued a $51.00 target price (up from $45.00) on shares of AT&T in a research note on Tuesday, July 26th. Finally, S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a buy rating in a research note on Sunday, July 24th. Two research 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’s stock. 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 company has a market cap of $250.57 billion, a PE ratio of 17.56 and a beta of 0.28. The company has a 50-day moving average price of $41.05 and a 200 day moving average price of $40.46. AT&T has a 52 week low of $32.19 and a 52 week high of $43.89.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The company had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. On average, equities research analysts forecast that AT&T will post $2.86 EPS for the current fiscal year.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were 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 owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of T. Proficio Capital Partners LLC increased its position in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners increased its position in shares of 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 last quarter. WealthTrust Arizona LLC increased its position in shares of 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 last quarter. Wealthcare Capital Management LLC purchased a new position in shares of AT&T during the second quarter worth approximately $117,000. Finally, Invictus RG increased its position in shares of 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 last quarter. Institutional investors and hedge funds 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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