HSBC Upgrades AT&T to Hold

Brokerage firm HSBC Upgrades its rating on AT&T(NYSE:T). The shares have been rated Hold. Previously, the analysts had a Reduce rating on the shares. The rating by HSBC was issued on Sep 26, 2016.

In a different note, On Jul 19, 2016, Citigroup said it Maintains its rating on AT&T. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Barclays said it Maintains its rating on AT&T. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Citigroup said it Downgrades its rating on AT&T. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Neutral’ by the firm.

AT&T (T) made into the market gainers list on Thursdays trading session with the shares advancing 1.33% or 0.54 points. Due to strong positive momentum, the stock ended at $41.11, which is also near the day’s high of $41.19. The stock began the session at $40.73 and the volume stood at 2,22,83,255 shares. The 52-week high of the shares is $43.89 and the 52 week low is $31.85. The company has a current market capitalization of $252,909 M and it has 6,15,20,00,000 shares in outstanding.

AT&T(T) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $40.52B. Analysts had an estimated revenue of $40.67B. Earnings per share were $0.72. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, John T Stankey (CEO?AT&T Entertainment Group) sold 2,131 shares at $43.38 per share price.Also, On May 5, 2016, Matthew K Rose (director) purchased 21,950 shares at $34.15 per share price.On Aug 25, 2015, Michael B Mccallister (director) purchased 10,000 shares at $32.92 per share price, according to the Form-4 filing with the securities and exchange commission.

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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