AT&T (NYSE:T) Trading Down 0.2% - Should You Sell?

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

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.79.

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AT&T Trading Up 0.9 %

The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average of $25.13 and a two-hundred day moving average of $23.32. The stock has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last issued 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 return on equity of 13.97% and a net margin of 8.95%. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. DSG Capital Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $2,183,000. Chancellor Financial Group WB LP bought a new stake in AT&T in the fourth quarter valued at $358,000. Wealth Enhancement Advisory Services LLC grew its position in AT&T by 50.5% in 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 acquiring an additional 804,740 shares during the period. NorthCrest Asset Manangement LLC grew its position in AT&T by 5.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 78,730 shares of the technology company's stock valued at $1,793,000 after acquiring an additional 3,978 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in AT&T in the fourth quarter valued at $54,973,000. 57.10% of the stock is owned by 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.