In a report released today, Timothy Horan from Oppenheimer assigned a Buy rating to AT&T (T), with a price target of $47.00. The company’s shares closed last Wednesday at $29.73.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 16.6% and a 75.3% success rate. Horan covers the Technology sector, focusing on stocks such as Limelight Networks, GTT Communications, and Boingo Wireless.
The word on The Street in general, suggests a Hold analyst consensus rating for AT&T with a $35.29 average price target, implying a 14.2% upside from current levels. In a report issued on April 9, Guggenheim also maintained a Buy rating on the stock with a $39.00 price target.
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AT&T’s market cap is currently $214.6B and has a P/E ratio of 16.40. The company has a Price to Book ratio of -1.86.
Based on the recent corporate insider activity of 176 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.
AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.
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