AT&T (NYSE:T) was downgraded by investment analysts at Hilliard Lyons from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on T. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks increased their price target on AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. KeyCorp raised their price objective on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research note on Tuesday, January 2nd. Bank of America raised their price objective on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.38 price objective on the stock in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.24.

T stock opened at $33.04 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $216,092.80, a PE ratio of 10.83, a P/E/G ratio of 2.42 and a beta of 0.39. AT&T has a twelve month low of $32.47 and a twelve month high of $40.06.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). The company had revenue of $38.04 billion during the quarter, compared to analyst estimates of $39.36 billion. AT&T had a net margin of 19.25% and a return on equity of 14.90%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. analysts expect that AT&T will post 3.47 earnings per share for the current fiscal year.

In related news, CEO John Donovan acquired 27,997 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the acquisition, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the transaction, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beach Investment Management LLC. bought a new position in AT&T during the second quarter worth about $1,132,000. Strategic Financial Group LLC grew its holdings in AT&T by 17.1% during the second quarter. Strategic Financial Group LLC now owns 37,206 shares of the technology company’s stock worth $1,404,000 after purchasing an additional 5,439 shares during the period. Usca Ria LLC grew its holdings in AT&T by 122.7% during the second quarter. Usca Ria LLC now owns 308,961 shares of the technology company’s stock worth $11,657,000 after purchasing an additional 170,253 shares during the period. GHP Investment Advisors Inc. grew its holdings in AT&T by 7.3% during the second quarter. GHP Investment Advisors Inc. now owns 121,021 shares of the technology company’s stock worth $4,566,000 after purchasing an additional 8,273 shares during the period. Finally, Prudential Financial Inc. grew its holdings in AT&T by 5.1% during the second quarter. Prudential Financial Inc. now owns 15,562,846 shares of the technology company’s stock worth $587,186,000 after purchasing an additional 756,200 shares during the period. Institutional investors own 55.97% of the company’s stock.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Analyst Recommendations for AT&T (NYSE:T)

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