AT&T Inc. (NYSE:T) Lifted to “Strong-Buy” at Vetr Inc.

AT&T Inc. (NYSE:T) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday, July 10th. The brokerage currently has a $41.56 target price on the technology company’s stock. Vetr‘s price target points to a potential upside of 8.14% from the stock’s current price.

T has been the subject of a number of other reports. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the company a “hold” rating in a research report on Saturday, May 20th. Instinet reissued a “buy” rating and issued a $45.00 price objective (down from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Drexel Hamilton restated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.40.

Shares of AT&T (NYSE:T) traded up 0.39% during mid-day trading on Monday, hitting $38.43. The stock had a trading volume of 16,317,012 shares. The stock has a market cap of $235.96 billion, a P/E ratio of 18.14 and a beta of 0.47. The company’s 50 day moving average price is $37.65 and its 200 day moving average price is $39.78. AT&T has a 12-month low of $35.81 and a 12-month high of $43.48.

AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that AT&T will post $2.95 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Ullmann Financial Group Inc. acquired a new stake in shares of AT&T during the first quarter worth $101,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners increased its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the period. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T during the first quarter valued at approximately $109,000. Finally, Empirical Finance LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $116,000. Hedge funds and other institutional investors own 55.29% of the company’s stock.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for AT&T (NYSE:T)

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