AT&T Inc. (NYSE:T) was downgraded by Buckingham Research from a “buy” rating to a “neutral” rating in a report released on Friday. They presently have a $39.56 price objective on the stock, up from their previous price objective of $30.97. Buckingham Research’s target price suggests a potential downside of 5.54% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts also recently issued reports on the stock. Vetr downgraded shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target on the stock. in a report on Tuesday. Jefferies Group reiterated a “buy” rating on shares of AT&T in a report on Sunday, June 5th. Bank of America reiterated a “buy” rating on shares of AT&T in a report on Thursday, May 19th. DA Davidson lifted their price target on shares of AT&T from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, May 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $44.00 target price on shares of AT&T in a report on Thursday, May 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. AT&T has an average rating of “Buy” and a consensus target price of $39.86.
Source: American Banking and Market News