AT&T (NYSE:T) Raised to “Outperform” at BNP Paribas

AT&T (NYSE:T) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a $28.50 price target on the technology company’s stock. BNP Paribas’ price objective suggests a potential upside of 10.14% from the stock’s current price.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein boosted their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. Evercore ISI increased their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Tigress Financial upped their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Performance

NYSE T opened at $25.88 on Thursday. The stock has a 50-day moving average of $23.19 and a two-hundred day moving average of $21.99. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market cap of $185.66 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T has a 1-year low of $15.94 and a 1-year high of $25.93.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts anticipate that AT&T will post 2.15 EPS for the current year.

Institutional Trading of AT&T

A number of hedge funds and other institutional investors have recently modified their holdings of T. Gallagher Fiduciary Advisors LLC raised its position in shares of AT&T by 4.0% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 67,069 shares of the technology company’s stock worth $1,527,000 after purchasing an additional 2,562 shares during the period. West Paces Advisors Inc. boosted its stake in shares of AT&T by 50.4% during the 4th quarter. West Paces Advisors Inc. now owns 3,963 shares of the technology company’s stock worth $90,000 after acquiring an additional 1,328 shares in the last quarter. Bwcp LP bought a new stake in shares of AT&T during the 4th quarter worth about $11,600,000. South Plains Financial Inc. bought a new stake in AT&T during the 4th quarter valued at approximately $160,000. Finally, Parvin Asset Management LLC bought a new stake in AT&T during the 4th quarter valued at approximately $106,000. Institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

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.