AT&T (NYSE:T) Given New $30.00 Price Target at Tigress Financial

AT&T (NYSE:T - Free Report) had its target price increased by Tigress Financial from $29.00 to $30.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the technology company's stock.

T has been the topic of a number of other reports. BNP Paribas raised AT&T from an underperform rating to a neutral rating in a research report on Tuesday, June 11th. Barclays boosted their price target on AT&T from $20.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday, July 25th. Redburn Atlantic raised AT&T to a strong sell rating in a research report on Monday, September 16th. Moffett Nathanson boosted their price target on AT&T from $17.00 to $18.00 and gave the stock a neutral rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group started coverage on AT&T in a research note on Monday, July 1st. They set a buy rating and a $22.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $22.38.

AT&T Trading Up 1.1 %

Shares of T traded up $0.25 during trading hours on Friday, hitting $21.90. The company had a trading volume of 23,554,963 shares, compared to its average volume of 36,176,172. The firm has a market cap of $156.99 billion, a P/E ratio of 11.77, a P/E/G ratio of 3.66 and a beta of 0.59. The stock's 50 day moving average price is $20.09 and its 200 day moving average price is $18.46. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. AT&T has a 52-week low of $14.12 and a 52-week high of $22.34.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. AT&T's revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. On average, research analysts predict that AT&T will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Octavia Wealth Advisors LLC grew its stake in AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company's stock worth $484,000 after purchasing an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company's stock worth $452,000 after purchasing an additional 521 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in AT&T by 2.2% during the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company's stock worth $461,000 after purchasing an additional 525 shares in the last quarter. Integral Investment Advisors Inc. grew its stake in AT&T by 3.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company's stock worth $322,000 after purchasing an additional 538 shares in the last quarter. Finally, Financial Counselors Inc. grew its stake in AT&T by 0.6% during the 2nd quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company's stock worth $1,767,000 after purchasing an additional 539 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.