AT&T Inc (NYSE:T):
AT&T Inc. Announces Results Of Early Tenders In Exchange Offers.
The company is up since yesterday’s close of 33.82.
AT&T Inc., incorporated October 5, 1983, is a holding company. The Company and its subsidiaries provide communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide. The Company also owns and operates three regional Television sports networks, and retains non-controlling interests in another regional sports network and a network dedicated to game-related programming, as well as Internet interactive game playing. The services and products offered by the Company vary by market, and include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services. Its subsidiaries include AT&T Mobility and SKY Brasil Servicos Ltda..
The P/E ratio is 16.31 and market cap is 208.33B. As of the last earnings report the EPS was $2.08 with 6.14B shares outstanding.
Traders are a little more bearish on shares of the company of late if you take note of the increase in short interest. The stock had a rise in short interest of 23.04% between October 13, 2017 and October 31, 2017. Short interest grew from 189,435,343 to 233,079,658 over that period. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.04% on October 31.
Ratings firms have issued ratings on the stock of late. On November 10 Canaccord Genuity made no change to the stock rating of “Buy” targeting a price of $51.00. Citigroup raised the price target of the stock on November 10 boosting the projection from $52.00 to $54.00 with a rating of “Buy”.
On November 8 analysts at Standpoint Research released a research note on T by announcing an initial rating of “Buy”. October 27 investment analysts at SunTrust Banks maintained a company rating of “Hold” projecting a price of $36.00.
Equity analyst Deutsche Bank AG lowered the price target on October 25 changing the forecast from $41.00 to $38.00 with a “Hold” recommendation. On October 25, 2017 Oppenheimer Holdings reiterated a “Hold” rating on the company.