AT&T Inc. (NYSE:T) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They currently have a $42.75 price target on the technology company’s stock. Vetr‘s price target would indicate a potential upside of 9.17% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Macquarie reissued a “buy” rating and issued a $43.00 price objective on shares of AT&T in a research note on Friday, September 1st. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. Finally, Bank of America Corporation cut shares of AT&T from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $39.00 in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and an average target price of $43.35.

Shares of AT&T (NYSE T) opened at 39.16 on Tuesday. The company’s 50-day moving average price is $37.58 and its 200-day moving average price is $38.81. AT&T has a 52-week low of $35.10 and a 52-week high of $43.03. The company has a market capitalization of $240.44 billion, a price-to-earnings ratio of 18.40 and a beta of 0.49.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that AT&T will post $2.94 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after buying an additional 9,053,649 shares during the period. BlackRock Inc. lifted its stake in AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock worth $2,446,984,000 after purchasing an additional 3,572,307 shares in the last quarter. Wells Fargo & Company MN lifted its stake in AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after purchasing an additional 1,263,645 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares in the last quarter. 54.99% of the stock is owned by institutional investors.

AT&T Company Profile

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.

Analyst Recommendations for AT&T (NYSE:T)

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