AT&T Inc (NYSE:T) Target Increased
In analysts note issued to clients and investors by Bernstein on Friday morning, AT&T Inc (NYSE:T) had its target price per share cut to $36.00. The firm at present has Market Perform rating on the stock.
The target decrease is probably noticed by stock traders, as NYSE:T is currently trading -0.02% lower at $32.53 as of 09:16 New York time. AT&T Inc.’s stock is up 3.77% over the past 200 days. It has outperformed the Standard & Poor’s 500 index, which has decreased -3.31% over the same time.
Out of 27 analysts covering AT&T Inc., 18 rate it a Buy, 14 indicate a Hold while 3 suggest a Sell. The highest target is $42 and the lowest is $23 according to Thomson/First Call. The 12-month mean target is $36.93, which means upside potential of 13.53% over the current price.
Institutional Ownership
Evercore Trust Company N.A. had the most significant stake with ownership of 203.74 million shares as of q2 2015 for 25.74% of the US long stock exposure. Mediatel Partners is another bullish institutional investor who is owning 935,304 shares of AT&T Inc. or 15.95% of their US long stock exposure. Also, American Investment Services Inc. have 9.04% of their US long stock exposure invested in the company for 476,812 shares. The Massachusetts-based fund Barry Investment Advisors Llc disclosed it had acquired so far a stake worth about 8.38% of the institutional investor’s stock portfolio in AT&T Inc.. The Massachusetts-based fund Excalibur Management Corp is also positive about the stock, possessing 234,464 shares or 7.04% of their US long stock exposure.
AT&T Inc (NYSE:T) Profile
AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services.
AT&T Inc (NYSE:T) closed at $32.53 yesterday. A total of 48,302 shares of the company’s stock traded hands. This is down from average of 31.19M shares. AT&T Inc. has a 52 week low of $30.97 and a 52 week high of $36.45. The company has a market cap of $200.40 billion and a P/E ratio of 31.96.
