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

Key Points

• Weiss Ratings has reiterated its "buy (B)" rating for AT&T (NYSE:T), indicating continued confidence in the stock's performance.
• AT&T reported a quarterly earnings per share (EPS) of $0.54, meeting analyst expectations, with a revenue of $30.71 billion.
• The company's current consensus rating is "Moderate Buy" with a target price of $30.67, although some analysts have set higher target prices.

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

A number of other research firms have also commented on T. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday. Sanford C. Bernstein increased their price objective on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. UBS Group reissued a "buy" rating on shares of AT&T in a report on Thursday. The Goldman Sachs Group initiated coverage on AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on AT&T from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

AT&T Trading Up 2.2%

Shares of T stock traded up $0.55 during mid-day trading on Friday, reaching $25.17. 80,533,557 shares of the stock traded hands, compared to its average volume of 37,924,539. The stock's fifty day simple moving average is $28.04 and its two-hundred day simple moving average is $27.75. AT&T has a 1-year low of $21.38 and a 1-year high of $29.79. The company has a market cap of $179.95 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 2.05 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same period last year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts anticipate that AT&T will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On AT&T

Several large investors have recently made changes to their positions in the business. Stone House Investment Management LLC purchased a new stake in shares of AT&T in the first quarter worth about $25,000. Front Row Advisors LLC bought a new position in shares of AT&T during the second quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in AT&T in the second quarter worth $26,000. Hager Investment Management Services LLC increased its stake in AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after purchasing an additional 641 shares during the period. Finally, Kennebec Savings Bank increased its stake in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock worth $28,000 after purchasing an additional 783 shares during the period. 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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