Analysts Set AT&T Inc. (NYSE:T) Target Price at $26.79

Shares of AT&T Inc. (NYSE:T) have earned an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.79.

Several research firms have issued reports on T. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th.

Institutional Trading of AT&T

Several institutional investors have recently made changes to their positions in T. International Assets Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $14,700,000. Franklin Resources Inc. lifted its holdings in shares of AT&T by 41.4% in the 3rd 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. Consolidated Planning Corp boosted its position in shares of AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after purchasing an additional 21,927 shares during the period. Fortress Financial Solutions LLC acquired a new stake in AT&T in the 4th quarter valued at approximately $691,000. Finally, West Family Investments Inc. raised its position in AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after purchasing an additional 15,680 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

T stock opened at $27.65 on Monday. The firm’s fifty day moving average is $25.46 and its 200 day moving average is $23.43. The firm has a market cap of $198.48 billion, a PE ratio of 18.56, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T has a one year low of $15.94 and a one year high of $27.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 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 8.95%. On average, research analysts forecast that AT&T will post 2.14 EPS for the current year.

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.