AT&T (NYSE:T) Upgraded by Barclays to "Overweight"

AT&T (NYSE:T - Get Free Report) was upgraded by research analysts at Barclays from an "equal weight" rating to an "overweight" rating in a research note issued on Monday, Marketbeat reports. The firm currently has a $20.00 target price on the technology company's stock. Barclays's price target would indicate a potential upside of 17.47% from the company's current price.

A number of other brokerages have also recently issued reports on T. JPMorgan Chase & Co. upgraded shares of AT&T from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Royal Bank of Canada restated a "sector perform" rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. Finally, Scotiabank raised their price target on AT&T from $22.00 to $22.50 and gave the stock a "sector outperform" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.81.

AT&T Stock Performance

AT&T stock traded up $0.27 during trading hours on Monday, reaching $17.03. 43,585,100 shares of the company were exchanged, compared to its average volume of 39,465,781. AT&T has a 12 month low of $13.43 and a 12 month high of $18.16. The firm has a market cap of $121.78 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 3.32 and a beta of 0.57. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average of $16.96 and a 200 day moving average of $16.58.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts anticipate that AT&T will post 2.22 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in AT&T by 33.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company's stock valued at $651,000 after purchasing an additional 10,758 shares during the period. Avestar Capital LLC acquired a new stake in AT&T during the third quarter worth approximately $237,000. PDS Planning Inc increased its stake in AT&T by 8.7% during the 3rd quarter. PDS Planning Inc now owns 26,173 shares of the technology company's stock worth $393,000 after acquiring an additional 2,104 shares during the period. Garrison Asset Management LLC acquired a new position in AT&T in the 3rd quarter valued at $158,000. Finally, All Season Financial Advisors Inc. raised its holdings in AT&T by 2.4% in the 3rd quarter. All Season Financial Advisors Inc. now owns 41,459 shares of the technology company's stock valued at $623,000 after acquiring an additional 978 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

About AT&T

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.