AT&T Inc. (NYSE:T – Get Free Report)’s share price was up 0.6% during trading on Tuesday . The company traded as high as $17.24 and last traded at $17.23. Approximately 7,228,143 shares changed hands during trading, a decline of 81% from the average daily volume of 38,530,738 shares. The stock had previously closed at $17.12.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on T shares. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, March 5th. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.61.
AT&T Trading Up 2.3 %
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.
Institutional Trading of AT&T
A number of hedge funds have recently bought and sold shares of T. Carmel Capital Partners LLC grew its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T during the 4th quarter valued at $25,000. Pineridge Advisors LLC bought a new position in AT&T in the 4th quarter worth $25,000. Lipe & Dalton purchased a new stake in AT&T during the 3rd quarter valued at approximately $30,000. Finally, Ramirez Asset Management Inc. purchased a new position in AT&T during the third quarter valued at $30,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.
AT&T Company Profile
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.
Featured Articles
- Five stocks we like better than AT&T
- Investing in the High PE Growth Stocks
- Bitcoin Depot Falls Into Value Territory With Expansion Underway
- Most active stocks: Dollar volume vs share volume
- 7 Stocks That Will Drive the Weight Loss Drugs Market
- Canada Bond Market Holiday: How to Invest and Trade
- Cintas or UniFirst: Investors Win Either Way
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.