StockNews.com Lowers AT&T (NYSE:T) to Hold

AT&T (NYSE:TGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

T has been the subject of a number of other reports. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

Get Our Latest Stock Analysis on T

AT&T Price Performance

Shares of T stock traded up $0.14 during midday trading on Monday, reaching $17.34. 29,528,692 shares of the company were exchanged, compared to its average volume of 39,243,727. AT&T has a 12 month low of $13.43 and a 12 month high of $19.99. The company has a market cap of $123.99 billion, a P/E ratio of 8.84, a PEG ratio of 2.56 and a beta of 0.57. The company’s 50 day moving average price is $17.03 and its two-hundred day moving average price is $16.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts expect that AT&T will post 2.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of T. Moneta Group Investment Advisors LLC grew its position in AT&T by 85,003.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after purchasing an additional 76,746,649 shares during the last quarter. Norges Bank bought a new position in shares of AT&T in the fourth quarter worth about $1,229,499,000. Ameriprise Financial Inc. raised its stake in shares of AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. FMR LLC grew its position in shares of AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after buying an additional 32,558,342 shares during the period. Finally, Morgan Stanley grew its position in shares of AT&T by 37.3% during the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after buying an additional 29,769,976 shares during the period. Institutional investors and hedge funds own 53.65% of the company’s stock.

AT&T Company Profile

(Get Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

Analyst Recommendations for AT&T (NYSE:T)

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