In a report released today, Jeff Kvaal from Nomura maintained a Buy rating on AT&T (T), with a price target of $39.00. The company’s shares closed last Friday at $29.84.
According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 5.9% and a 54.0% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AT&T with a $39.36 average price target, a 31.9% upside from current levels. In a report issued on March 25, Citigroup also maintained a Buy rating on the stock with a $31.00 price target.
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Based on AT&T’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $46.82 billion and net profit of $2.39 billion. In comparison, last year the company earned revenue of $47.99 billion and had a net profit of $4.86 billion.
Based on the recent corporate insider activity of 179 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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