AT&T (NYSE:T) Price Target Raised to $32.00 at Tigress Financial

AT&T (NYSE:T - Get Free Report) had its price objective boosted by investment analysts at Tigress Financial from $30.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Tigress Financial's price objective indicates a potential upside of 31.07% from the company's current price.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.21.

AT&T Price Performance

Shares of T stock traded up $0.17 on Tuesday, reaching $24.42. The company had a trading volume of 19,748,530 shares, compared to its average volume of 39,071,844. The stock has a market capitalization of $175.18 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. 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 $24.98. The business's 50-day moving average is $22.97 and its 200 day moving average is $21.73.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Equities research analysts forecast that AT&T will post 2.15 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its position in shares of AT&T by 8.7% during the 4th quarter. Metis Global Partners LLC now owns 276,242 shares of the technology company's stock valued at $6,290,000 after acquiring an additional 22,030 shares during the period. Providence First Trust Co acquired a new position in shares of AT&T during the 4th quarter worth approximately $996,000. Sims Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $148,000. SVB Wealth LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $3,273,000. Finally, Flputnam Investment Management Co. raised its position in shares of AT&T by 6.0% during the 4th quarter. Flputnam Investment Management Co. now owns 151,774 shares of the technology company's stock worth $3,456,000 after purchasing an additional 8,543 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

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.