Short Term Price Target on AT&T (T)

AT&T (NYSE:T) : The highest short term price target forecast on AT&T (NYSE:T) is $45 and the lowest target price is $35. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $40.89 with a standard deviation of $3.16.

Shares of AT&T, Inc. rose by 3.18% in the last five trading days and 11.57% for the last 4 weeks. AT&T, Inc. is up 12.03% in the last 3-month period. Year-to-Date the stock performance stands at 28.92%. Also, Major Brokerage house, Buckingham Research downgrades its ratings on AT&T (NYSE:T). In the latest research report, Buckingham Research maintains the target price to $41 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 24, 2016.

AT&T (NYSE:T) : 12 brokerage houses believe that AT&T (NYSE:T) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AT&T (NYSE:T). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.91.

AT&T (NYSE:T): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.69 and $42.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.21, notching a gain of 1.57% for the day. The total traded volume was 31,913,433 . The stock had closed at $42.54 on the previous day.

In an insider trading activity, Rose Matthew K, director of At&T Inc., executed a transaction worth $749,593 on August 6, 2015. A total of 21,950 shares were purchased at an average price of $34.15. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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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