AT&T (T) : Analyst Rating Update

AT&T (T) : The consensus on AT&T (T) based on 21 analyst recommendation on the company stock is 1.9, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

AT&T (T) : The highest short term price target forecast on AT&T (T) is $45 and the lowest target price is $35. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $40.89 with a standard deviation of $3.16.

AT&T (NYSE:T): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.98 and $42.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.10, notching a gain of 0.54% for the day. The total traded volume was 26,454,246 . The stock had closed at $42.87 on the previous day.

Also, Brokerage firm Buckingham Research downgrades its rating on AT&T (NYSE:T). In a research note issued to the investors, the brokerage major maintains price-target of $41 per share.The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 24, 2016. The company shares have rallied 24.60% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $43.89 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $40.24 and the 200 Day Moving Average price is recorded at $37.94.

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. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

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