AT&T (NYSE:T) Raised to Buy at StockNews.com

AT&T (NYSE:T - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Several other brokerages have also recently weighed in on T. Evercore ISI lifted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday. Finally, TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.48.

AT&T Trading Up 1.4 %

Shares of T stock opened at $27.56 on Friday. AT&T has a 12-month low of $16.39 and a 12-month high of $29.03. The company has a market capitalization of $197.83 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm has a 50 day moving average price of $26.95 and a two-hundred day moving average price of $24.28. 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 (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts predict that AT&T will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On AT&T

Several large investors have recently modified their holdings of T. Minot DeBlois Advisors LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter worth $28,000. Finally, YANKCOM Partnership acquired a new position in AT&T in the fourth quarter valued at $30,000. Institutional investors own 57.10% of the company's stock.

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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