AT&T (NYSE:T) Stock Price Down 0.2% - Time to Sell?

AT&T Inc. (NYSE:T - Get Free Report) shares dropped 0.2% during mid-day trading on Monday . The company traded as low as $26.84 and last traded at $26.98. Approximately 6,287,532 shares were traded during trading, a decline of 82% from the average daily volume of 34,216,116 shares. The stock had previously closed at $27.02.

Analyst Upgrades and Downgrades

Several research analysts recently commented on T shares. Citigroup raised their price target on shares of AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada upped their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Finally, New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $26.79.

AT&T Trading Up 2.4 %

The firm has a market cap of $203.29 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.00 and a beta of 0.56. The business's 50-day moving average is $25.46 and its two-hundred day moving average is $23.43. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of T. International Assets Investment Management LLC bought a new position in AT&T in the 4th quarter worth approximately $14,700,000. Franklin Resources Inc. boosted its position in AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the period. Consolidated Planning Corp grew its stake in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in shares of AT&T during the fourth quarter valued at $691,000. Finally, West Family Investments Inc. raised its stake in shares of AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after purchasing an additional 15,680 shares in the last quarter. 57.10% of the stock is 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.