AT&T Inc. (NYSE:T – Get Free Report)’s stock price rose 0.9% during trading on Monday . The stock traded as high as $26.84 and last traded at $26.81. Approximately 8,568,174 shares traded hands during trading, a decline of 79% from the average daily volume of 41,389,016 shares. The stock had previously closed at $26.58.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on T. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Royal Bank of Canada raised their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. UBS Group raised their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.74.
View Our Latest Stock Report on AT&T
AT&T Trading Up 1.1 %
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.
Institutional Investors Weigh In On AT&T
Several institutional investors and hedge funds have recently made changes to their positions in T. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter worth $25,000. Minot DeBlois Advisors LLC bought a new stake in AT&T in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in AT&T during the 4th quarter valued at about $25,000. Putney Financial Group LLC bought a new position in AT&T in the 4th quarter worth about $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $28,000. 57.10% of the stock is owned by institutional investors and hedge funds.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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