AT&T (T) Raised to “Outperform” at Raymond James

AT&T (NYSE:T) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Friday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded AT&T from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Cowen increased their price objective on AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, December 11th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 price objective for the company in a report on Sunday, December 9th. Finally, Bank of America reiterated a “buy” rating and issued a $37.00 price objective on shares of AT&T in a report on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.61.

Shares of AT&T stock opened at $30.28 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market cap of $185.89 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.59. AT&T has a 52 week low of $26.80 and a 52 week high of $37.34.



AT&T (NYSE:T) last announced its earnings results on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, equities analysts predict that AT&T will post 3.6 earnings per share for the current fiscal year.

In related news, CEO John T. Stankey sold 3,748 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in T. NuWave Investment Management LLC bought a new position in shares of AT&T in the fourth quarter worth about $40,000. WealthTrust Arizona LLC raised its stake in shares of AT&T by 76.2% in the fourth quarter. WealthTrust Arizona LLC now owns 1,427 shares of the technology company’s stock worth $41,000 after buying an additional 617 shares during the period. Smart Portfolios LLC raised its stake in shares of 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 buying an additional 500 shares during the period. Cranbrook Wealth Management LLC raised its stake in shares of AT&T by 76.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 1,596 shares of the technology company’s stock worth $46,000 after buying an additional 691 shares during the period. Finally, PRW Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter worth about $53,000. 63.47% of the stock is currently owned by institutional investors.

AT&T Company Profile

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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Analyst Recommendations for AT&T (NYSE:T)

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