AT&T (T) is Upgraded by HSBC Securities to Hold

AT&T (T) was Upgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Reduce ” on the company shares. HSBC Securities advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on AT&T. Company shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Company shares were Downgraded by Citigroup on Jul 7, 2016 to ” Neutral”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

On the company’s financial health, AT&T reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $40535.00 million for the quarter, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

AT&T opened for trading at $40.73 and hit $41.19 on the upside on Thursday, eventually ending the session at $41.11, with a gain of 1.33% or 0.54 points. The heightened volatility saw the trading volume jump to 2,22,83,255 shares. Company has a market cap of $252,909 M.

In a different news, on Jul 25, 2016, John T Stankey (CEO?AT&T Entertainment Group) sold 2,131 shares at $43.38 per share price. According to the SEC, on May 5, 2016, Matthew K Rose (director) purchased 21,950 shares at $34.15 per share price. On Aug 25, 2015, Michael B Mccallister (director) purchased 10,000 shares at $32.92 per share price, according to the Form-4 filing with the securities and exchange commission.

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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