AT&T (NYSE:T) Stock Rating Upgraded by DZ Bank

AT&T (NYSE:T) was upgraded by research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $27.00 price target on the technology company’s stock. DZ Bank’s target price suggests a potential upside of 12.34% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company lowered their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Trading Down 0.8 %

NYSE:T opened at $24.04 on Wednesday. The stock’s 50 day moving average price is $22.89 and its 200 day moving average price is $21.57. The company has a market capitalization of $172.46 billion, a PE ratio of 19.54, a P/E/G ratio of 3.50 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T has a 52-week low of $15.94 and a 52-week high of $24.98.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that AT&T will post 2.21 EPS for the current year.

Hedge Funds Weigh In On AT&T

A number of institutional investors have recently made changes to their positions in T. Geode Capital Management LLC raised its holdings in shares of AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock worth $3,532,684,000 after acquiring an additional 3,630,972 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. National Pension Service raised its holdings in shares of AT&T by 15.8% in the third quarter. National Pension Service now owns 15,769,707 shares of the technology company’s stock worth $346,934,000 after acquiring an additional 2,152,016 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of AT&T by 112.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company’s stock worth $64,167,000 after acquiring an additional 1,546,679 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of AT&T by 7.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company’s stock valued at $378,807,000 after purchasing an additional 1,206,330 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

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.