AT&T (NYSE:T) Stock Rating Reaffirmed by UBS Group

AT&T (NYSE:TGet Free Report)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a report released on Tuesday, Benzinga reports. They currently have a $24.00 price objective on the technology company’s stock. UBS Group’s price target would suggest a potential upside of 32.96% from the company’s previous close.

Several other brokerages also recently issued reports on T. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Scotiabank lifted their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.54.

Check Out Our Latest Report on AT&T

AT&T Stock Up 2.2 %

Shares of T stock traded up $0.38 during trading hours on Tuesday, reaching $18.05. The company had a trading volume of 33,660,152 shares, compared to its average volume of 36,592,555. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T has a twelve month low of $13.43 and a twelve month high of $18.45. The company has a market capitalization of $129.42 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The stock’s fifty day simple moving average is $17.19 and its 200 day simple moving average is $17.07.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T will post 2.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

Large investors have recently modified their holdings of the stock. Frank Rimerman Advisors LLC bought a new stake in AT&T during the 4th quarter worth approximately $25,000. Pineridge Advisors LLC acquired a new position in AT&T during the 4th quarter worth $25,000. First Pacific Financial lifted its holdings in AT&T by 166.7% during the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after buying an additional 1,000 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in AT&T during the 3rd quarter worth $30,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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