AT&T Inc. (NYSE:T) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of AT&T Inc. (NYSE:T - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.79.

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Scotiabank raised their target price on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. Finally, Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC grew 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 worth $3,719,723,000 after acquiring an additional 2,640,644 shares in the last quarter. GQG Partners LLC raised its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 7.1% during the fourth 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 in the last quarter. Finally, Norges Bank purchased a new position in AT&T during the fourth quarter worth about $1,858,418,000. Institutional investors and hedge funds own 57.10% of the company's stock.

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AT&T Price Performance

Shares of T traded up $0.55 during midday trading on Monday, hitting $28.20. The company's stock had a trading volume of 42,987,126 shares, compared to its average volume of 34,388,502. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T has a one year low of $15.94 and a one year high of $28.41. The stock has a market capitalization of $202.41 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company's fifty day simple moving average is $25.46 and its two-hundred day simple moving average is $23.43.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts expect that AT&T will post 2.14 earnings per share for the current fiscal year.

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.