AT&T Inc. (NYSE:T) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Monday, July 31st.

Other equities analysts have also issued research reports about the company. Argus restated a “buy” rating and issued a $51.00 target price on shares of AT&T in a research report on Monday, April 10th. Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $38.92 price objective on the stock. in a report on Monday, May 22nd. Moffett Nathanson raised AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price objective (down from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.50.

Shares of AT&T (NYSE T) traded down 0.24% during mid-day trading on Monday, hitting $38.10. 13,278,982 shares of the stock traded hands. The company’s 50-day moving average price is $37.57 and its 200 day moving average price is $39.64. AT&T has a 1-year low of $35.81 and a 1-year high of $43.32. The company has a market capitalization of $233.93 billion, a PE ratio of 17.90 and a beta of 0.47.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after buying an additional 9,053,649 shares during the last quarter. BlackRock Inc. raised its stake in shares of AT&T by 1.1% in the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after buying an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AT&T by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock worth $2,446,984,000 after buying an additional 3,572,307 shares during the last quarter. Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth about $2,416,759,000. Finally, Wells Fargo & Company MN raised its stake in shares of AT&T by 2.7% in the second quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after buying an additional 1,263,645 shares during the last quarter. 55.28% of the stock is currently owned by institutional investors.

About AT&T

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.

Analyst Recommendations for AT&T (NYSE:T)

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