AT&T Inc. (NYSE:T - Free Report) - Analysts at Zacks Research lowered their Q1 2024 earnings estimates for shares of AT&T in a report released on Wednesday, March 27th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of $0.54 for the quarter, down from their prior forecast of $0.56. The consensus estimate for AT&T's current full-year earnings is $2.21 per share. Zacks Research also issued estimates for AT&T's Q3 2024 earnings at $0.58 EPS, FY2024 earnings at $2.22 EPS, Q2 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.29 EPS and FY2026 earnings at $2.42 EPS.
A number of other research firms have also recently issued reports on T. Barclays lifted their target price on AT&T from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 31st. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Wednesday. Oppenheimer raised shares of AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research report on Friday, January 19th. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Tuesday, March 5th. Finally, TheStreet raised shares of AT&T from a "c" rating to a "b-" rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.61.
Check Out Our Latest Report on AT&T
AT&T Stock Performance
Shares of T stock traded up $0.05 during midday trading on Thursday, hitting $17.60. 33,453,327 shares of the company were exchanged, compared to its average volume of 38,842,688. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T has a 52 week low of $13.43 and a 52 week high of $19.99. The firm's 50 day moving average price is $17.11 and its two-hundred day moving average price is $16.27. The firm has a market capitalization of $125.89 billion, a P/E ratio of 9.02, a PEG ratio of 2.59 and a beta of 0.57.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share.
Institutional Investors Weigh In On AT&T
Several hedge funds have recently bought and sold shares of T. Carmel Capital Partners LLC increased its stake in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC purchased a new position in AT&T in the 4th quarter worth approximately $25,000. Lipe & Dalton bought a new position in AT&T in the 3rd quarter valued at approximately $30,000. Finally, Ramirez Asset Management Inc. purchased a new stake in AT&T during the 3rd quarter valued at $30,000. Institutional investors own 57.10% of the company's stock.
AT&T Company Profile
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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.
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