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

AT&T (NYSE:T - Get Free Report) had its target price raised by equities researchers at Citigroup from $28.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Citigroup's price objective would indicate a potential upside of 12.34% from the company's current price.

T has been the topic of several other reports. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Tigress Financial upped their price target on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective for the company. Sanford C. Bernstein increased their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.21.

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AT&T Trading Up 0.7 %

T stock traded up $0.21 during midday trading on Monday, hitting $28.49. 43,976,615 shares of the company's stock were exchanged, compared to its average volume of 36,292,622. AT&T has a 1-year low of $15.94 and a 1-year high of $28.61. The business has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $23.64. The stock has a market capitalization of $204.47 billion, a PE ratio of 19.12, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at $28,000. 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.