AT&T (NYSE:T) Trading 1.5% Higher – Time to Buy?

AT&T Inc. (NYSE:T)’s share price was up 1.5% during trading on Friday . The stock traded as high as $27.19 and last traded at $27.20. Approximately 17,051,290 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 34,009,969 shares. The stock had previously closed at $26.79.

Wall Street Analyst Weigh In

Several equities analysts have commented on T shares. Tigress Financial increased their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada increased their target price on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. Finally, Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Up 0.9 %

The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $23.30. The stock has a market cap of $194.06 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new position in shares of AT&T during the third quarter valued at approximately $1,030,000. Intech Investment Management LLC boosted its position in shares of AT&T by 1.9% during the third quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock valued at $6,395,000 after buying an additional 5,469 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of AT&T by 30.6% during the third quarter. Eagle Asset Management Inc. now owns 832,999 shares of the technology company’s stock valued at $18,609,000 after buying an additional 195,314 shares during the last quarter. CFS Investment Advisory Services LLC boosted its position in shares of AT&T by 6.1% during the third quarter. CFS Investment Advisory Services LLC now owns 22,588 shares of the technology company’s stock valued at $497,000 after buying an additional 1,304 shares during the last quarter. Finally, Allen Capital Group LLC boosted its position in shares of AT&T by 20.8% during the third quarter. Allen Capital Group LLC now owns 20,643 shares of the technology company’s stock valued at $454,000 after buying an additional 3,549 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

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.