AT&T (T) : 16 investment research analysts covering AT&T (T) have an average price target of $41.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $46 and the lowest target is $35 for the short term. Analysts expect the variance to be within $3.35 of the average price.
AT&T (T) has seen a rise of 1,417,510 shares or 1.7% in the short interest. The remaining shorts are 1.4% of the total floated shares. The net short interest, as on June 30,2016, stood at 84,976,459 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 28,313,545 shares. On June 15,2016, 83,558,949 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Citigroup downgrades its outlook on AT&T (NYSE:T). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm raises the price target from $42 per share to $46 per share. The rating by the firm was issued on July 7, 2016.
AT&T (NYSE:T): stock turned positive on Thursday. Though the stock opened at $42.45, the bulls momentum made the stock top out at $42.96 level for the day. The stock recorded a low of $42.45 and closed the trading day at $42.77, in the green by 0.42%. The total traded volume for the day was 16,655,313. The stock had closed at $42.59 in the previous days trading.
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.