AT&T (NYSE:T) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AT&T (NYSE:T - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $28.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 11.85% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Royal Bank of Canada upped their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Finally, Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $28.24.

AT&T Stock Performance

T stock traded up $0.53 during midday trading on Thursday, reaching $27.72. 9,324,390 shares of the company's stock traded hands, compared to its average volume of 36,567,924. The company has a 50-day moving average price of $26.91 and a two-hundred day moving average price of $24.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T has a 52 week low of $16.38 and a 52 week high of $29.03. The firm has a market capitalization of $198.94 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted 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 business had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts anticipate that AT&T will post 2.14 EPS for the current year.

Institutional Trading of AT&T

Large investors have recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T in the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. Finally, YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.

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