AT&T (NYSE:T) Given Buy Rating at UBS Group

AT&T (NYSE:T - Get Free Report)'s stock had its "buy" rating reissued by analysts at UBS Group in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $31.00 price target on the technology company's stock, up from their previous price target of $30.00. UBS Group's price target would suggest a potential upside of 11.55% from the stock's current price.

Several other brokerages have also issued reports on T. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.76.

AT&T Price Performance

AT&T stock traded up $0.13 during mid-day trading on Wednesday, reaching $27.79. 51,458,475 shares of the company were exchanged, compared to its average volume of 36,591,911. The company has a fifty day simple moving average of $27.53 and a 200-day simple moving average of $25.80. AT&T has a 12 month low of $18.14 and a 12 month high of $29.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a market cap of $199.96 billion, a PE ratio of 17.05, a PEG ratio of 3.87 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the business earned $0.55 EPS. AT&T's revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that AT&T will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock valued at $18,411,543,000 after purchasing an additional 8,185,006 shares during the period. Geode Capital Management LLC lifted its stake in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the period. GQG Partners LLC lifted its stake in shares of AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. Finally, Norges Bank acquired a new position in shares of AT&T in the 4th quarter valued at about $1,858,418,000. 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.