AT&T (NYSE: T)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday, AnalystRatings.Net reports. They currently have a $37.00 price target on the stock. Zacks‘ price objective points to a potential upside of 3.87% from the company’s current price.
Zacks‘ analyst wrote, “Leading telecom firm AT&T is characterized by strong growth prospects in both wireless and wireline segments. The company has continuously been collaborating with several companies to strengthen its presence within the domestic market as well as spread its operational wings to overseas arena. The constant launch of new and attractive data plans along with the introduction of updated and hardy smartphones will enable the company to lure customers. However, the positive aspects of AT&T are somewhat negated by pressures of a competitive telecom environment, persistent losses in access lines and hefty iPhone subsidies. Hence, we believe that the company’s risk-reward ratio is evenly balanced and maintain our Neutral recommendation.”
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note to investors on Thursday, June 27th. They now have a $34.00 price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of AT&T in a research note to investors on Wednesday, June 19th. They now have a $36.00 price target on the stock. Finally, analysts at Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note to investors on Monday, June 10th. They now have a $42.00 price target on the stock, up previously from $35.96. They noted that the move was a valuation call.
Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.55.
Shares of AT&T (NYSE: T) traded up 0.25% during mid-day trading on Thursday, hitting $35.62. AT&T has a one year low of $32.71 and a one year high of $39.00. The stock’s 50-day moving average is currently $35.83. The company has a market cap of $191.6 billion and a P/E ratio of 27.48.
AT&T (NYSE: T) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.64. The company had revenue of $31.36 billion for the quarter, compared to the consensus estimate of $31.74 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that AT&T will post $2.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, July 8th.
AT&T Inc (NYSE: T) is a holding company.
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