AT&T (NYSE:T) Price Target Raised to $31.00

AT&T (NYSE:T) had its target price hoisted by equities researchers at Scotiabank from $29.50 to $31.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Scotiabank’s price objective suggests a potential upside of 8.20% from the company’s current price.

Several other analysts have also recently weighed in on the company. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Williams Trading set a $32.00 price target on shares of AT&T in a research note on Thursday, January 29th. Citigroup decreased their price objective on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. Finally, Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

AT&T Price Performance

NYSE T opened at $28.65 on Monday. AT&T has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.33. The stock has a market capitalization of $200.57 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of AT&T

Large investors have recently modified their holdings of the stock. Front Row Advisors LLC bought a new position in AT&T during the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. increased its position in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares during the last quarter. GGM Financials LLC bought a new stake in AT&T in the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T during the fourth quarter worth $25,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.