Macquarie Reiterates “Buy” Rating for AT&T (T)
AT&T (NYSE:T)‘s stock had its “buy” rating restated by equities researchers at Macquarie in a report issued on Wednesday. They presently have a $40.00 target price on the technology company’s stock. Macquarie’s price target indicates a potential upside of 23.76% from the company’s current price.
T has been the topic of a number of other reports. Deutsche Bank lowered their target price on AT&T from $41.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, May 1st. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price on the stock. in a research report on Tuesday, February 13th. Bank of America upped their target price on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Guggenheim began coverage on AT&T in a research report on Tuesday, March 13th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Raymond James lowered their target price on AT&T from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average target price of $40.95.
Shares of AT&T opened at $32.32 on Wednesday, according to MarketBeat. AT&T has a 52-week low of $31.17 and a 52-week high of $39.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $198.47 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 2.28 and a beta of 0.40.
Institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC bought a new position in AT&T in the 4th quarter valued at $113,000. Braun Bostich & Associates Inc. bought a new position in AT&T in the 1st quarter valued at $137,000. Delphi Private Advisors LLC grew its stake in AT&T by 416.0% in the 4th quarter. Delphi Private Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $166,000 after purchasing an additional 3,449 shares during the period. Taylor Hoffman Wealth Management bought a new position in AT&T in the 4th quarter valued at $189,000. Finally, Elmwood Wealth Management Inc. bought a new position in AT&T in the 1st quarter valued at $178,000. Institutional investors and hedge funds own 54.98% of the company’s stock.
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.
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