AT&T Inc. (NYSE:T – Get Free Report) shares were up 0.1% during trading on Thursday . The company traded as high as $17.70 and last traded at $17.57. Approximately 7,120,193 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 38,417,105 shares. The stock had previously closed at $17.55.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on T shares. Tigress Financial lifted their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Oppenheimer raised shares of 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. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.
View Our Latest Stock Report on AT&T
AT&T Stock Up 0.3 %
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results 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 company had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.
Hedge Funds Weigh In On AT&T
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of AT&T by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after acquiring an additional 547 shares in the last quarter. SMH Capital Advisors Inc. grew its holdings in AT&T by 1.8% during the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after buying an additional 565 shares in the last quarter. Kahn Brothers Group Inc. boosted its holdings in shares of AT&T by 3.4% in the 4th quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after purchasing an additional 575 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of AT&T by 1.7% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock worth $589,000 after acquiring an additional 598 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its position in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares in the last quarter. 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.
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