AT&T (NYSE:T) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of AT&T (NYSE:T – Get Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

Several other research analysts have also recently weighed in on T. Moffett Nathanson restated an underperform rating and issued a $17.00 price target on shares of AT&T in a research note on Monday, December 19th. Citigroup boosted their price target on AT&T from $20.00 to $22.00 and gave the stock a buy rating in a research note on Tuesday, January 24th. Morgan Stanley cut AT&T from an overweight rating to an equal weight rating and set a $20.00 price target for the company. in a research note on Thursday, December 15th. Cowen boosted their price target on AT&T from $24.00 to $25.00 in a research note on Thursday, January 26th. Finally, TheStreet cut AT&T from a b rating to a c rating in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of Moderate Buy and an average price target of $22.00.

AT&T Price Performance

AT&T stock opened at $18.13 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.59 and a quick ratio of 0.53. The business’s fifty day simple moving average is $19.20 and its two-hundred day simple moving average is $18.19. AT&T has a 12 month low of $14.46 and a 12 month high of $21.53.

AT&T (NYSE:T – Get Rating) last released its earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The business had revenue of $31.30 billion for the quarter, compared to the consensus estimate of $31.50 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 23.6% compared to the same quarter last year. Equities analysts expect that AT&T will post 2.41 earnings per share for the current year.

Institutional Trading of AT&T

Hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC boosted its stake in shares of AT&T by 46.3% in the third quarter. Northwest Investment Counselors LLC now owns 3,800 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,203 shares during the period. Baird Financial Group Inc. boosted its stake in shares of AT&T by 55.1% in the third quarter. Baird Financial Group Inc. now owns 2,042,311 shares of the technology company’s stock worth $31,329,000 after acquiring an additional 725,364 shares during the period. Canandaigua National Corp boosted its stake in shares of AT&T by 1.0% in the third quarter. Canandaigua National Corp now owns 77,837 shares of the technology company’s stock worth $1,194,000 after acquiring an additional 775 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of AT&T by 8.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 647,685 shares of the technology company’s stock worth $9,935,000 after acquiring an additional 50,475 shares during the period. Finally, Solitude Financial Services boosted its stake in shares of AT&T by 22.7% in the third quarter. Solitude Financial Services now owns 52,360 shares of the technology company’s stock worth $803,000 after acquiring an additional 9,675 shares during the period. Institutional investors own 51.86% of the company’s stock.

AT&T Company Profile

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.