AT&T (NYSE:T) Shares Gap Down - What's Next?

AT&T Inc. (NYSE:T - Get Free Report) 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.74.

AT&T Stock Up 2.0 %

The firm has a 50-day moving average of $24.66 and a two-hundred day moving average of $23.08. The stock has a market capitalization of $190.98 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth 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.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Institutional Trading of AT&T

A number of institutional investors have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC bought a new stake in AT&T during the fourth quarter worth approximately $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in AT&T in the 3rd quarter valued at $25,000. Putney Financial Group LLC bought a new position in AT&T in the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter valued at about $28,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Company Profile

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.