AT&T Inc. (T) Given “Outperform” Rating at Robert W. Baird
Robert W. Baird reissued their outperform rating on shares of AT&T Inc. (NYSE:T) in a research report sent to investors on Thursday morning. Robert W. Baird currently has a $43.00 price objective on the technology company’s stock.
Several other brokerages have also recently weighed in on T. BidaskClub raised shares of AT&T from a strong sell rating to a sell rating in a research report on Monday, July 31st. ValuEngine cut shares of AT&T from a buy rating to a hold rating in a research report on Friday, June 2nd. Drexel Hamilton reaffirmed a hold rating on shares of AT&T in a research report on Friday, June 2nd. Vetr cut shares of AT&T from a buy rating to a hold rating and set a $39.93 price target for the company. in a research report on Tuesday, May 30th. Finally, Moffett Nathanson raised shares of AT&T from a sell rating to a neutral rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $43.36.
AT&T (T) opened at 38.59 on Thursday. The company has a market cap of $236.94 billion, a P/E ratio of 18.13 and a beta of 0.49. The firm’s 50 day moving average is $37.58 and its 200-day moving average is $38.81. AT&T has a 52 week low of $35.10 and a 52 week high of $43.03.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, analysts predict that AT&T will post $2.94 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the company. MPS Loria Financial Planners LLC acquired a new stake in shares of AT&T in the second quarter worth $1,461,000. W. E. Donoghue & Co. LLC acquired a new stake in shares of AT&T in the second quarter worth $15,573,000. Pinnacle Family Advisors LLC acquired a new stake in shares of AT&T in the second quarter worth $275,000. Intl Fcstone Inc. increased its stake in shares of AT&T by 103.1% in the second quarter. Intl Fcstone Inc. now owns 126,613 shares of the technology company’s stock worth $4,777,000 after acquiring an additional 64,258 shares during the period. Finally, Griffin Asset Management Inc. acquired a new stake in shares of AT&T in the second quarter worth $4,172,000. Hedge funds and other institutional investors own 54.99% of the company’s stock.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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