Tigress Financial Issues Positive Forecast for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its price target lifted by stock analysts at Tigress Financial from $30.00 to $32.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Tigress Financial’s price target points to a potential upside of 30.73% from the company’s previous close.

Several other analysts have also recently commented on the company. Royal Bank of Canada increased their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Evercore ISI raised their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.21.

AT&T Stock Up 0.9 %

T stock opened at $24.48 on Tuesday. AT&T has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a market capitalization of $175.63 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. The firm’s 50-day moving average is $22.97 and its two-hundred day moving average is $21.73. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its 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 net margin of 8.95% and a return on equity of 13.97%. On average, analysts forecast that AT&T will post 2.15 earnings per share for the current fiscal year.

Institutional Trading of AT&T

Several large investors have recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

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.