AT&T (NYSE:T) Given Buy Rating at Bank of America

AT&T (NYSE:T - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Bank of America in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $32.00 price objective on the technology company's stock. Bank of America's price objective would suggest a potential upside of 12.97% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Tigress Financial upped their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Evercore ISI boosted their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company upped their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $29.05.

AT&T Trading Up 0.1%

AT&T stock opened at $28.33 on Monday. The firm has a market cap of $203.82 billion, a PE ratio of 17.38, a P/E/G ratio of 4.02 and a beta of 0.42. AT&T has a 12 month low of $18.14 and a 12 month high of $29.19. The stock's 50 day simple moving average is $27.79 and its two-hundred day simple moving average is $26.17. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter last year, the business earned $0.55 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that AT&T will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently bought and sold shares of T. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in AT&T during the 4th quarter worth about $25,000. Stone House Investment Management LLC acquired a new stake in AT&T in the 1st quarter valued at about $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T in the 4th quarter valued at about $27,000. Finally, Hager Investment Management Services LLC increased its position in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Company Profile

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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