UBS Group Issues Positive Forecast for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its price objective increased by investment analysts at UBS Group from $25.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. UBS Group’s target price would indicate a potential upside of 33.45% from the company’s current price.

A number of other research firms have also commented on T. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein began coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. Evercore ISI increased their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.53.

AT&T Stock Down 1.5 %

AT&T stock opened at $22.48 on Thursday. The firm has a 50 day moving average price of $22.55 and a 200-day moving average price of $20.68. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a market capitalization of $161.30 billion, a P/E ratio of 18.28, a P/E/G ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts predict that AT&T will post 2.19 EPS for the current year.

Institutional Investors Weigh In On AT&T

A number of large investors have recently added to or reduced their stakes in T. Davidson Kempner Capital Management LP bought a new position in shares of AT&T during the second quarter valued at approximately $23,888,000. Swiss National Bank raised its holdings in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the period. Caprock Group LLC boosted its stake in shares of AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares in the last quarter. Finally, Talbot Financial LLC purchased a new position in shares of AT&T during the third quarter valued at about $7,438,000. Institutional investors own 57.10% of the company’s stock.

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.