AT&T (NYSE:T) Now Covered by Analysts at Oppenheimer

Investment analysts at Oppenheimer started coverage on shares of AT&T (NYSE:T - Get Free Report) in a note issued to investors on Tuesday. The firm set an "outperform" rating and a $28.00 price target on the technology company's stock. Oppenheimer's target price would suggest a potential upside of 19.02% from the stock's current price.

Several other research firms have also commented on T. Tigress Financial increased their target price on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 27th. Redburn Atlantic raised AT&T to a "strong sell" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Finally, Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

AT&T Stock Performance

T traded up $0.15 on Tuesday, reaching $23.53. The stock had a trading volume of 32,848,408 shares, compared to its average volume of 35,571,637. The business's 50-day moving average price is $22.39 and its two-hundred day moving average price is $20.43. The company has a market cap of $168.80 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 3.63 and a beta of 0.59. AT&T has a 12-month low of $15.94 and a 12-month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. Sell-side analysts forecast that AT&T will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AT&T by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company's stock worth $19,827,000 after purchasing an additional 43,062 shares during the last quarter. ORG Partners LLC increased its position in AT&T by 779.5% during the second quarter. ORG Partners LLC now owns 19,121 shares of the technology company's stock worth $363,000 after buying an additional 16,947 shares during the period. GPS Wealth Strategies Group LLC increased its position in AT&T by 11.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 9,640 shares of the technology company's stock worth $184,000 after buying an additional 996 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in AT&T by 1.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 438,329 shares of the technology company's stock valued at $8,376,000 after buying an additional 8,370 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of AT&T in the second quarter valued at approximately $507,000. Institutional investors and hedge funds own 57.10% of the company's stock.

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.