Canaccord Genuity Raises Price Target on AT&T (T)

By admin | 6 years ago

Research analysts at Canaccord Genuity boosted their target price on shares of AT&T (NYSE: T) from $32.00 to $35.00 in a report released on Monday. The firm currently has a “buy” rating on the stock.

AT&T opened at 33.53 on Monday. AT&T has a 1-year low of $27.29 and a 1-year high of $33.92. The company has a market cap of $196.6 billion and a price-to-earnings ratio of 48.31.

AT&T last released its earnings data on Tuesday, April 24th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.03. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that AT&T will post $0.64 earnings per share next quarter.

A number of other analysts have also recently weighed in on T. Analysts at Credit Suisse (NYSE: CS) upgraded shares of AT&T from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AT&T in a research note to investors on Friday, May 4th. They now have a $35.00 price target on the stock.

AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide.

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