AT&T (NYSE:T) Shares Down 0.2% – Here’s What Happened

Shares of AT&T Inc. (NYSE:T) fell 0.2% during trading on Tuesday . The company traded as low as $26.63 and last traded at $26.79. 5,672,058 shares were traded during mid-day trading, a decline of 83% from the average session volume of 33,990,344 shares. The stock had previously closed at $26.83.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on T shares. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.74.

AT&T Trading Down 0.7 %

The firm has a market capitalization of $191.19 billion, a P/E ratio of 17.89, a PEG ratio of 3.00 and a beta of 0.56. 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 firm has a 50 day moving average of $24.75 and a 200-day moving average of $23.13.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict 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 large investors have recently modified their holdings of the business. Natixis Advisors LLC raised its position in AT&T by 21.8% in the third quarter. Natixis Advisors LLC now owns 2,201,609 shares of the technology company’s stock valued at $48,435,000 after purchasing an additional 393,838 shares during the last quarter. Claro Advisors LLC increased its position in AT&T by 64.6% in the 3rd quarter. Claro Advisors LLC now owns 49,080 shares of the technology company’s stock valued at $1,080,000 after acquiring an additional 19,269 shares during the period. TrinityPoint Wealth LLC bought a new position in shares of AT&T during the third quarter valued at $206,000. Aljian Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth $391,000. Finally, AMG National Trust Bank grew its stake in shares of AT&T by 130.8% in the third quarter. AMG National Trust Bank now owns 146,547 shares of the technology company’s stock worth $3,224,000 after purchasing an additional 83,048 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.