AT&T Inc. (T) Receives Average Recommendation of “Buy” from Brokerages

AT&T Inc. (NYSE:T) has received a consensus rating of “Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $36.39.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Desjardins reaffirmed an “average” rating and issued a $56.50 price objective on shares of AT&T in a research note on Friday, April 5th. Finally, Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Friday, March 15th. They noted that the move was a valuation call.

Shares of AT&T stock traded up $0.42 during trading on Thursday, reaching $32.10. The company’s stock had a trading volume of 23,719,940 shares, compared to its average volume of 30,902,283. AT&T has a 52-week low of $26.80 and a 52-week high of $34.53. The stock has a market capitalization of $229.75 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.72.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The company had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 17.8% on a year-over-year basis. On average, equities research analysts forecast that AT&T will post 3.59 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Chemical Bank increased its stake in shares of AT&T by 0.8% in the 3rd quarter. Chemical Bank now owns 227,448 shares of the technology company’s stock worth $7,638,000 after acquiring an additional 1,824 shares in the last quarter. Burleson & Company LLC increased its stake in shares of AT&T by 77.7% in the 3rd quarter. Burleson & Company LLC now owns 123,576 shares of the technology company’s stock worth $3,751,000 after acquiring an additional 54,034 shares in the last quarter. Pratt Collard Advisory Partners LLC increased its stake in shares of AT&T by 5.4% in the 4th quarter. Pratt Collard Advisory Partners LLC now owns 49,653 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 2,534 shares in the last quarter. Letko Brosseau & Associates Inc. increased its stake in shares of AT&T by 5.5% in the 3rd quarter. Letko Brosseau & Associates Inc. now owns 5,964,599 shares of the technology company’s stock worth $200,291,000 after acquiring an additional 311,885 shares in the last quarter. Finally, Meyer Handelman Co. increased its stake in shares of AT&T by 6.4% in the 3rd quarter. Meyer Handelman Co. now owns 346,851 shares of the technology company’s stock worth $11,646,000 after acquiring an additional 20,726 shares in the last quarter. Institutional investors own 63.02% of the company’s stock.

AT&T Company Profile

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.

Further Reading: How to interpret a stock’s beta number

Analyst Recommendations for AT&T (NYSE:T)

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