AT&T (T) Rating Increased to Strong-Buy at Vetr

AT&T (NYSE:T) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $40.62 price objective on the technology company’s stock. Vetr‘s price target points to a potential upside of 14.20% from the stock’s previous close.

Several other equities research analysts also recently commented on T. Bank of America lifted their price objective on shares of AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks lifted their price objective on shares of AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Argus reiterated a “buy” rating and set a $36.83 price objective (down from $48.00) on shares of AT&T in a research note on Wednesday. Finally, Scotiabank set a $40.00 price objective on shares of AT&T and gave the stock a “hold” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.94.

Shares of AT&T (T) traded down $1.36 on Thursday, reaching $35.57. 44,813,467 shares of the company’s stock traded hands, compared to its average volume of 31,830,000. The firm has a market capitalization of $218,360.00, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37. AT&T has a 52 week low of $32.55 and a 52 week high of $42.70. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The business had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts anticipate that AT&T will post 3.48 earnings per share for the current fiscal year.

In other AT&T news, Director Richard W. Fisher bought 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independence Trust CO increased its stake in shares of AT&T by 4.8% during the fourth quarter. Independence Trust CO now owns 75,610 shares of the technology company’s stock worth $2,940,000 after purchasing an additional 3,450 shares in the last quarter. RFG Advisory Group LLC increased its stake in shares of AT&T by 23.9% during the fourth quarter. RFG Advisory Group LLC now owns 27,880 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 5,386 shares in the last quarter. Squar Milner Financial Services LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $736,000. First Allied Advisory Services Inc. increased its stake in shares of AT&T by 3.4% during the fourth quarter. First Allied Advisory Services Inc. now owns 373,808 shares of the technology company’s stock worth $14,568,000 after purchasing an additional 12,195 shares in the last quarter. Finally, GWM Advisors LLC increased its stake in shares of AT&T by 2.7% during the fourth quarter. GWM Advisors LLC now owns 82,000 shares of the technology company’s stock worth $3,137,000 after purchasing an additional 2,164 shares in the last quarter. 55.49% of the stock is owned by institutional investors.

WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://sportsperspectives.com/2018/02/09/att-t-rating-increased-to-strong-buy-at-vetr.html.

AT&T Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply