AT&T (T) Receives Price Target

AT&T (T) : Currently there are 16 street experts covering AT&T (T) stock. The most bullish and bearish price target for the stock is $48 and $35 respectively for the short term. The average price target of all the analysts comes to $43.75. The estimated standard deviation from the target is $3.42.

AT&T (T) : Zacks Investment Research ranks AT&T (T) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.95, which indicates as a Buy.


Also, Brokerage firm Citigroup maintains its rating on AT&T (NYSE:T). As per the latest information, the brokerage house raises the price target to $48 per share from a prior target of $46. The shares have been rated Buy. The rating by the firm was issued on July 19, 2016.

AT&T (NYSE:T): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.85 and $40.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.96, notching a gain of 0.20% for the day. The total traded volume was 15,706,888 . The stock had closed at $40.88 on the previous day.

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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