AT&T (NYSE:T) Stock Price Down 0.3% – What’s Next?

AT&T Inc. (NYSE:T)’s share price dropped 0.3% on Thursday . The stock traded as low as $26.68 and last traded at $26.76. Approximately 3,753,351 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 33,963,195 shares. The stock had previously closed at $26.84.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Performance

The business’s 50 day simple moving average is $24.93 and its two-hundred day simple moving average is $23.20. The firm has a market capitalization of $192.63 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. DSG Capital Advisors LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $2,183,000. Chancellor Financial Group WB LP bought a new stake in AT&T during the 4th quarter worth approximately $358,000. Wealth Enhancement Advisory Services LLC lifted its holdings in AT&T by 50.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,397,772 shares of the technology company’s stock valued at $54,597,000 after purchasing an additional 804,740 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in AT&T by 5.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 78,730 shares of the technology company’s stock worth $1,793,000 after buying an additional 3,978 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in AT&T in the 4th quarter worth $54,973,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.