AT&T (NYSE:T) Raised to Buy at DZ Bank

AT&T (NYSE:T) was upgraded by research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has a $27.00 price objective on the technology company’s stock. DZ Bank’s price target points to a potential upside of 12.34% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Scotiabank upped their target price on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.11.

AT&T Price Performance

Shares of NYSE T opened at $24.04 on Wednesday. The business’s 50 day moving average price is $22.89 and its 200 day moving average price is $21.57. The firm has a market cap of $172.46 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, sell-side analysts expect that AT&T will post 2.21 earnings per share for the current year.

Hedge Funds Weigh In On AT&T

Hedge funds have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of AT&T during the 4th quarter worth about $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.