Merrill Lynch analyst Mauricio Fernandes maintained a Buy rating on AT&T Inc (T) today and set a price target of $37. The company’s shares closed yesterday at $29.91, close to its 52-week low of $28.85.
According to TipRanks.com, Fernandes is ranked #4048 out of 5108 analysts.
Currently, the analyst consensus on AT&T Inc is a Moderate Buy with an average price target of $35.19, implying a 17.7% upside from current levels. In a report issued on November 30, Morgan Stanley also maintained a Buy rating on the stock with a $37 price target.
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The company has a one-year high of $39.33 and a one-year low of $28.85. Currently, AT&T Inc has an average volume of 38.59M.
Based on the recent corporate insider activity of 180 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of T in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
