AT&T (NYSE:T) Stock Price Down 0.3% - Time to Sell?

Shares of AT&T Inc. (NYSE:T - Get Free Report) dropped 0.3% on Tuesday . The stock traded as low as $27.51 and last traded at $27.65. Approximately 13,917,437 shares traded hands during trading, a decline of 64% from the average daily volume of 39,147,109 shares. The stock had previously closed at $27.72.

Analysts Set New Price Targets

T has been the subject of several research reports. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Finally, Tigress Financial increased their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.45.

AT&T Trading Down 0.1 %

The firm has a 50-day moving average of $24.14 and a 200-day moving average of $22.72. 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 $188.03 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last posted its quarterly 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 anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. AT&T's dividend payout ratio is currently 74.50%.

Institutional Investors Weigh In On AT&T

Large investors have recently made changes to their positions in the business. Capital A Wealth Management LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $28,000. 57.10% of the stock is currently 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.