AT&T (NYSE:T) Price Target Raised to $27.00 at Evercore ISI

AT&T (NYSE:T - Get Free Report) had its target price boosted by analysts at Evercore ISI from $25.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "in-line" rating on the technology company's stock. Evercore ISI's price objective indicates a potential downside of 2.16% from the stock's current price.

Several other equities analysts have also recently commented on T. Scotiabank boosted their price target on shares of AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. StockNews.com cut AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer upped 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $27.87.

AT&T Price Performance

Shares of T stock opened at $27.60 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market cap of $198.09 billion, a P/E ratio of 18.51, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T has a 1-year low of $16.38 and a 1-year high of $29.03. The firm has a fifty day moving average of $26.91 and a two-hundred day moving average of $24.24.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts anticipate that AT&T will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of AT&T by 1.0% during 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 purchasing an additional 6,220,442 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after buying an additional 2,640,644 shares during the last quarter. GQG Partners LLC lifted its position in AT&T by 37.3% during 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 in the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $1,948,943,000 after buying an additional 5,649,277 shares in the last quarter. Finally, Norges Bank bought a new position in AT&T in the 4th quarter worth approximately $1,858,418,000. 57.10% of the stock is currently 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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