AT&T (NYSE:T) Rating Reiterated by Oppenheimer

AT&T (NYSE:T)‘s stock had its “outperform” rating reiterated by research analysts at Oppenheimer in a report issued on Tuesday, Benzinga reports. They currently have a $21.00 price objective on the technology company’s stock. Oppenheimer’s price objective points to a potential upside of 11.91% from the company’s current price.

A number of other brokerages also recently commented on T. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Scotiabank boosted their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group reissued a “buy” rating and issued a $24.00 price target on shares of AT&T in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Stock Up 0.4 %

Shares of NYSE T opened at $18.77 on Tuesday. The firm has a market cap of $134.55 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 4.25 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T has a 52-week low of $13.43 and a 52-week high of $18.81. The business’s 50 day moving average is $17.42 and its two-hundred day moving average is $17.13.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Research analysts predict that AT&T will post 2.24 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Old Port Advisors increased its stake in shares of AT&T by 10.1% during the 1st quarter. Old Port Advisors now owns 108,875 shares of the technology company’s stock worth $1,916,000 after purchasing an additional 9,991 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of AT&T by 54.6% during the 1st quarter. Abich Financial Wealth Management LLC now owns 9,161 shares of the technology company’s stock worth $161,000 after buying an additional 3,237 shares during the period. Keynote Financial Services LLC bought a new stake in shares of AT&T during the 1st quarter worth $1,922,000. EverSource Wealth Advisors LLC boosted its holdings in shares of AT&T by 59.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,930 shares of the technology company’s stock worth $286,000 after buying an additional 6,327 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of AT&T by 493.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 123,987 shares of the technology company’s stock worth $2,182,000 after buying an additional 103,102 shares during the period. 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.