2 weeks Ago By ABMN Staff
AT&T Inc. ( NYSE:T – Get Free Report ) has earned an average rating of “Hold” from the nineteen brokerages that are covering the firm, Marketbeat.com reports.
One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.38.
A number of equities research analysts recently issued reports on T shares. Moffett Nathanson increased their price target on AT&T from $17.00 to $18.
00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Barclays increased their price target on AT&T from $20.00 to $22.
00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada increased their price target on AT&T from $18.00 to $19.
00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Citigroup increased their price target on AT&T from $21.00 to $24.
00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on AT&T from $21.
00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. View Our Latest Stock Analysis on T AT&T Price Performance AT&T ( NYSE:T – Get Free Report ) last announced its earnings results on Wednesday, July 24th.
The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57.
The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion.
AT&T had a return on equity of 14.16% and a net margin of 10.41%.
The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.
63 earnings per share. Equities research analysts predict that AT&T will post 2.2 earnings per share for the current year.
Institutional Investors Weigh In On AT&T Several hedge funds have recently modified their holdings of T. Mercer Global Advisors Inc. ADV raised its position in AT&T by 1,379.
0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock worth $270,581,000 after purchasing an additional 13,201,774 shares during the last quarter.
Kodai Capital Management LP bought a new position in AT&T during the 4th quarter worth $152,109,000. AQR Capital Management LLC raised its position in AT&T by 43.3% during the 2nd quarter.
AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock worth $414,563,000 after purchasing an additional 6,602,586 shares during the last quarter. Bank of New York Mellon Corp raised its position in AT&T by 7.4% during the 2nd quarter.
Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock worth $1,549,375,000 after purchasing an additional 5,592,123 shares during the last quarter. Finally, Point72 Asset Management L.P.
raised its position in AT&T by 120.8% during the 4th quarter. Point72 Asset Management L.
P. now owns 9,086,854 shares of the technology company’s stock worth $152,477,000 after purchasing an additional 4,970,954 shares during the last quarter. Institutional investors and hedge funds own 57.
10% of the company’s stock. AT&T Company Profile ( Get Free Report AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America.
The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. Read More Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter .
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