AT&T Inc. (NYSE:T - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $27.28, but opened at $26.47. AT&T shares last traded at $26.48, with a volume of 7,733,120 shares trading hands.
Wall Street Analyst Weigh In
T has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Scotiabank raised their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Finally, Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. One 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.74.
Read Our Latest Analysis on AT&T
AT&T Stock Performance
The company has a 50-day simple moving average of $24.52 and a two-hundred day simple moving average of $22.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $184.59 billion, a P/E ratio of 17.26, a PEG ratio of 3.00 and a beta of 0.56.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.
Institutional Investors Weigh In On AT&T
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of AT&T in the 4th quarter worth about $1,858,418,000. GQG Partners LLC raised its holdings in AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Company Profile
(
Get Free Report)
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.
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