<div id="readability-page-1"><p><span>AT&amp;T (NYSE:T - Get Free Report)</span> had its price target cut by The Goldman Sachs Group  from $33.00 to $29.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the technology company's stock. The Goldman Sachs Group's price objective points to a potential upside of 19.76% from the stock's current price.</p><ul><li>MarketBeat Week in Review – 12/15 - 12/19</li></ul><p>Several other analysts also recently issued reports on the stock. Raymond James Financial  reissued a &#34;strong-buy&#34; rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&amp;T in a research note on Thursday, September 18th. Royal Bank Of Canada reduced their price target on AT&amp;T from $31.00 to $30.00 and set an &#34;outperform&#34; rating on the stock in a report on Thursday, October 23rd. KeyCorp upgraded AT&amp;T from a &#34;sector weight&#34; rating to an &#34;overweight&#34; rating and set a $30.00 price objective for the company in a report on Tuesday, November 11th. Wall Street Zen downgraded AT&amp;T from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, November 8th. Finally, Morgan Stanley reduced their target price on AT&amp;T from $32.00 to $30.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, December 10th. One analyst  has rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $30.36.</p><p><b>Read Our Latest Analysis on AT&amp;T</b></p><h2>AT&amp;T Stock Performance</h2><ul><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li></ul><p>NYSE T traded down $0.05 on Friday, hitting $24.22. 14,433,103 shares of the company traded hands, compared to its average volume of 39,696,453. The business's 50 day moving average price is $25.26 and its 200-day moving average price is $27.17. AT&amp;T has a 52-week low of $21.38 and a 52-week high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $171.67 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.43 and a beta of 0.38. </p><p>AT&amp;T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. AT&amp;T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to analysts' expectations of $30.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis.  Equities analysts expect that  AT&amp;T will post 2.14 earnings per share for the current year. </p><h2>Institutional Investors Weigh In On AT&amp;T</h2><ul><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p>Several hedge funds and other institutional investors have recently made changes to their positions in T. Brighton Jones LLC boosted its position in shares of  AT&amp;T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter.  Algert Global LLC acquired a new position in  AT&amp;T in the 1st quarter valued at about $1,060,000.  Price T Rowe Associates Inc. MD boosted its holdings in  AT&amp;T by 32.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,435,357 shares of the technology company's stock valued at $973,833,000 after purchasing an additional 8,355,686 shares during the last quarter.  United Asset Strategies Inc. grew its stake in shares of  AT&amp;T by 105.1% in the 1st quarter. United Asset Strategies Inc. now owns 22,503 shares of the technology company's stock valued at $636,000 after buying an additional 11,532 shares during the period.  Finally, CW Advisors LLC increased its holdings in shares of  AT&amp;T by 176.0% during the 1st quarter. CW Advisors LLC now owns 347,945 shares of the technology company's stock worth $9,554,000 after buying an additional 221,864 shares during the last quarter. Institutional investors and hedge funds own  57.10% of the company's stock. </p><h2>About AT&amp;T</h2> (Get Free Report)<p>AT&amp;T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&amp;T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.  </p><p>AT&amp;T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than AT&amp;T</li><li>10 Best Airline Stocks to Buy</li><li>META Rises Amid Tech Decline, Trump's AI Order Praised By Analyst</li><li>Top Stocks Investing in 5G Technology</li><li>TL;DR: Why Reddit is the New Growth Stock to Beat</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>Rocket Lab's Sharp Rebound: What's Behind the Recent Momentum</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in AT&amp;T Right Now?</h2><p>Before you consider AT&amp;T, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&amp;T wasn't on the list.</p><p>While AT&amp;T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>The Goldman Sachs Group has lowered its price target for AT&T from $33.00 to $29.00, maintaining a "buy" rating. This suggests a potential upside of 19.76% from the current stock price. Other analysts have varied ratings, with an average consensus of "Moderate Buy" and a target price of $30.36. AT&T's recent earnings met expectations, with a revenue increase of 1.7% year-over-year.</p>

AT&T (NYSE:T) Given New $29.00 Price Target at The Goldman Sachs Group