AT&T (NYSE:T) PT Raised to $54.00

AT&T (NYSE:T) had its price objective raised by analysts at National Bank Financial from $53.00 to $54.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the technology company’s stock. National Bank Financial’s target price indicates a potential upside of 37.13% from the company’s current price.

A number of other analysts also recently weighed in on the company. Standpoint Research downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley set a $37.00 price target on AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. Bank of America restated a “buy” rating on shares of AT&T in a research note on Monday, September 9th. SunTrust Banks lifted their price target on AT&T to $36.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein began coverage on AT&T in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.74.

NYSE:T opened at $39.38 on Friday. The firm has a market cap of $287.75 billion, a P/E ratio of 11.19, a PEG ratio of 2.47 and a beta of 0.64. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $37.87 and its 200-day simple moving average is $34.45. AT&T has a 12-month low of $26.80 and a 12-month high of $39.58.

AT&T (NYSE:T) last released its earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The business had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts forecast that AT&T will post 3.57 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Grimes & Company Inc. increased its stake in AT&T by 0.9% in the second quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 294 shares during the last quarter. Interactive Financial Advisors increased its stake in AT&T by 16.7% in the second quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock valued at $70,000 after purchasing an additional 300 shares during the last quarter. D.B. Root & Company LLC increased its stake in AT&T by 0.9% in the third quarter. D.B. Root & Company LLC now owns 34,925 shares of the technology company’s stock valued at $1,321,000 after purchasing an additional 303 shares during the last quarter. Donald L. Hagan LLC increased its stake in AT&T by 1.5% in the third quarter. Donald L. Hagan LLC now owns 20,988 shares of the technology company’s stock valued at $793,000 after purchasing an additional 304 shares during the last quarter. Finally, Berkshire Money Management Inc. increased its stake in AT&T by 3.2% in the second quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock valued at $331,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 52.94% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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