AT&T (NYSE:T – Get Free Report) had its price target increased by research analysts at Scotiabank from $24.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “sector outperform” rating on the technology company’s stock. Scotiabank’s price target suggests a potential upside of 7.29% from the company’s previous close.
T has been the topic of several other reports. Sanford C. Bernstein lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.
Read Our Latest Stock Analysis on T
AT&T Trading Down 0.7 %
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. As a group, analysts anticipate that AT&T will post 2.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On AT&T
Institutional investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the 4th quarter worth $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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