AT&T (NYSE:T) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of AT&T (NYSE:T) from a hold rating to a buy rating in a report released on Wednesday.

Several other analysts also recently issued reports on T. Oppenheimer raised AT&T from a market perform rating to an outperform rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. JPMorgan Chase & Co. raised AT&T from a neutral rating to an overweight rating and lifted their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Wolfe Research raised AT&T from a peer perform rating to an outperform rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Tigress Financial raised their price target on AT&T from $28.00 to $29.00 and gave the company a buy rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on AT&T from $17.00 to $20.00 and gave the company an overweight rating in a report on Wednesday, December 13th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $21.61.

AT&T Trading Up 2.3 %

AT&T stock opened at $17.58 on Wednesday. The stock has a market capitalization of $125.71 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The business’s fifty day moving average is $17.08 and its 200 day moving average is $16.26. AT&T has a one year low of $13.43 and a one year high of $19.99.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that AT&T will post 2.21 EPS for the current year.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HighPoint Advisor Group LLC bought a new stake in AT&T during the 4th quarter valued at $5,748,000. Livelsberger Financial Advisory bought a new position in shares of AT&T in the 4th quarter worth $61,000. Leo Wealth LLC bought a new position in shares of AT&T in the 4th quarter worth $2,890,000. Muirfield Wealth Advisors LLC bought a new position in shares of AT&T in the 4th quarter worth $199,000. Finally, Sivia Capital Partners LLC bought a new position in shares of AT&T in the 4th quarter worth $209,000. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

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.