Price Target Update on AT&T (NYSE:T)

AT&T (NYSE:T) : The highest level AT&T (NYSE:T) is projected to reach is $44 for the short term and the lowest estimate is at $35. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $40.67 and the possibility the share price can swing is $2.99.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Cowen & Company maintains its outlook on AT&T (NYSE:T). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $41 per share to $44 per share. The rating by the firm was issued on April 27, 2016.

AT&T (NYSE:T): stock turned positive on Thursday. Though the stock opened at $41.55, the bulls momentum made the stock top out at $41.89 level for the day. The stock recorded a low of $41.38 and closed the trading day at $41.88, in the green by 1.40%. The total traded volume for the day was 19,035,036. The stock had closed at $41.3 in the previous days trading.

The company shares have rallied 14.15% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $41.56 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $39.44 and the 200 Day Moving Average price is recorded at $37.37. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of At&T Inc., Rose Matthew K had purchased shares worth of $749,593 in a transaction dated on August 6, 2015. A total of 21,950 shares were purchased at a price of $34.15 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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