AT&T Inc. (T) Rating Reiterated by SunTrust Banks, Inc. – Dispatch Tribunal


AT&T Inc. (NYSE:T)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $36.00 price target on the technology company’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 5.98% from the company’s previous close. SunTrust Banks also issued estimates for AT&T’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.89 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.74 EPS.

Several other brokerages have also recently commented on T. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays PLC cut their price target on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target on the stock. in a research report on Tuesday, September 26th. Deutsche Bank AG cut their price target on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Moffett Nathanson reissued a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.87.

AT&T (NYSE:T) traded up 0.86% during trading on Friday, hitting $33.97. 54,819,989 shares of the stock were exchanged. The stock has a 50 day moving average price of $37.13 and a 200-day moving average price of $37.95. The firm has a market capitalization of $62.64 billion, a PE ratio of 16.02 and a beta of 0.49. AT&T has a 12-month low of $33.33 and a 12-month high of $43.03.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that AT&T will post $2.92 earnings per share for the current fiscal year.

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In related news, Director Matthew K. Rose purchased 29,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the period. Janus Henderson Group PLC boosted its holdings in AT&T by 6,188.8% in the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after purchasing an additional 6,790,430 shares during the period. Ameriprise Financial Inc. boosted its holdings in AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares during the period. BlackRock Inc. boosted its holdings in AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in AT&T by 31.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock valued at $599,193,000 after purchasing an additional 3,798,090 shares during the period. Institutional investors and hedge funds own 55.03% of the company’s stock.

AT&T Company Profile

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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