Weiss Ratings Reiterates Buy (B) Rating for AT&T (NYSE:T)

Key Points

• Weiss Ratings has reiterated a "Buy (B)" rating for AT&T (NYSE:T), indicating positive sentiment from analysts on the company's stock.
• AT&T's recent earnings report revealed an EPS of $0.54, exceeding forecasts, and a revenue of $30.85 billion, which is a 3.4% year-over-year increase.
• The stock is currently trading at $26.15, with a consensus target price of $30.75, reflecting a Moderate Buy rating from analysts.

AT&T (NYSE:T - Get Free Report)'s stock had its "buy (b)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently commented on the stock. Scotiabank set a $30.25 price target on shares of AT&T and gave the stock a "sector perform" rating in a report on Monday. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Barclays restated an "equal weight" rating and set a $30.00 price objective on shares of AT&T in a research report on Wednesday, October 1st. Finally, Sanford C. Bernstein upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $30.75.

AT&T Stock Down 0.0%

NYSE T traded down $0.01 on Wednesday, hitting $26.15. 14,370,036 shares of the stock were exchanged, compared to its average volume of 36,282,719. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The company has a market cap of $186.96 billion, a PE ratio of 14.86, a PEG ratio of 3.31 and a beta of 0.42. The company has a 50-day moving average price of $28.54 and a 200-day moving average price of $27.91.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The firm's revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that AT&T will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

Large investors have recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp grew its stake in AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company's stock valued at $9,380,000 after acquiring an additional 4,793 shares during the last quarter. Capstone Wealth Management LLC acquired a new stake in AT&T in the 1st quarter valued at about $201,000. Kickstand Ventures LLC. acquired a new stake in AT&T in the 2nd quarter valued at about $489,000. ASR Vermogensbeheer N.V. boosted its stake in shares of AT&T by 1.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company's stock worth $20,910,000 after purchasing an additional 9,970 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock worth $31,389,000 after purchasing an additional 102,419 shares during the last quarter. 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.

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