Other analysts have also recently issued research reports about the company. ValuEngine cut AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Desjardins restated an “average” rating and issued a $55.50 target price on shares of AT&T in a research note on Tuesday, August 6th. Barclays lifted their price target on AT&T from $31.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. They noted that the move was a valuation call. Raymond James upped their price target on shares of AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Cowen set a $40.00 price objective on shares of AT&T and gave the stock a “buy” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. AT&T has an average rating of “Buy” and a consensus price target of $37.85.
Shares of T traded up $1.16 on Monday, hitting $38.74. The company’s stock had a trading volume of 54,114,068 shares, compared to its average volume of 30,604,633. The company has a market capitalization of $268.82 billion, a PE ratio of 11.01, a PEG ratio of 2.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. AT&T has a fifty-two week low of $26.80 and a fifty-two week high of $38.75. The company has a 50 day moving average price of $34.91 and a 200 day moving average price of $32.57.
In other news, CEO John T. Stankey sold 4,024 shares of AT&T stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $34.15, for a total transaction of $137,419.60. Following the completion of the sale, the chief executive officer now owns 2,366 shares in the company, valued at approximately $80,798.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.07% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in T. Horan Securities Inc. grew its holdings in AT&T by 439.2% during the second quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after purchasing an additional 830 shares during the period. Next Capital Management LLC bought a new stake in AT&T in the second quarter valued at approximately $39,000. Contravisory Investment Management Inc. increased its stake in AT&T by 36.0% in the second quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after purchasing an additional 338 shares in the last quarter. Smart Portfolios LLC raised its holdings in AT&T by 44.8% in the fourth quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Centaurus Financial Inc. boosted its position in shares of AT&T by 24.4% during the first quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock worth $54,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 53.14% of the company’s stock.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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