AT&T (NYSE:T) Upgraded to “Overweight” by Barclays

AT&T (NYSE:T) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a $20.00 price objective on the technology company’s stock. Barclays‘s price target indicates a potential upside of 18.38% from the stock’s previous close.

Several other research firms have also commented on T. Citigroup raised their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Stock Down 0.7 %

Shares of T opened at $16.90 on Monday. The firm has a market cap of $120.85 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The company’s fifty day moving average is $16.97 and its two-hundred day moving average is $16.62. AT&T has a fifty-two week low of $13.43 and a fifty-two week high of $18.16.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Analysts forecast that AT&T will post 2.22 earnings per share for the current year.

Institutional Trading of AT&T

Several institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in shares of AT&T by 33.0% during the third quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock worth $651,000 after purchasing an additional 10,758 shares during the last quarter. Avestar Capital LLC acquired a new stake in AT&T during the third quarter valued at approximately $237,000. PDS Planning Inc raised its stake in AT&T by 8.7% during the third quarter. PDS Planning Inc now owns 26,173 shares of the technology company’s stock valued at $393,000 after buying an additional 2,104 shares in the last quarter. Garrison Asset Management LLC bought a new position in AT&T during the 3rd quarter worth approximately $158,000. Finally, All Season Financial Advisors Inc. grew its position in shares of AT&T by 2.4% in the 3rd quarter. All Season Financial Advisors Inc. now owns 41,459 shares of the technology company’s stock worth $623,000 after acquiring an additional 978 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

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.