AT&T (NYSE:T) Trading 1% Higher - Should You Buy?

AT&T Inc. (NYSE:T - Get Free Report) traded up 1% on Tuesday . The stock traded as high as $25.07 and last traded at $25.11. 9,385,302 shares changed hands during trading, a decline of 75% from the average session volume of 37,031,762 shares. The stock had previously closed at $24.86.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. 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. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a report on Thursday, January 16th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.33.

AT&T Stock Up 1.0 %

The company has a market capitalization of $185.66 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The firm's 50 day moving average price is $23.19 and its two-hundred day moving average price is $21.99. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Sell-side analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid 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 yield of 4.29%. AT&T's dividend payout ratio (DPR) is currently 74.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AMF Tjanstepension AB boosted its holdings in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the period. Creative Planning boosted its holdings in AT&T by 2.8% in the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company's stock valued at $34,413,000 after purchasing an additional 43,218 shares during the period. Kapitalo Investimentos Ltda bought a new stake in AT&T in the 3rd quarter valued at about $262,000. Opal Wealth Advisors LLC lifted its holdings in shares of AT&T by 53.9% during the 3rd quarter. Opal Wealth Advisors LLC now owns 11,294 shares of the technology company's stock worth $248,000 after acquiring an additional 3,955 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of AT&T by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 54,411 shares of the technology company's stock worth $1,197,000 after acquiring an additional 1,466 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

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.