AT&T (NYSE:T) Shares Down 0.1% - Time to Sell?

AT&T Inc. (NYSE:T - Get Free Report) fell 0.1% during mid-day trading on Wednesday . The company traded as low as $26.45 and last traded at $26.59. 3,847,129 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 33,955,758 shares. The stock had previously closed at $26.61.

Analyst Ratings Changes

A number of research firms have issued reports on T. 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, February 13th. Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Scotiabank increased their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Finally, Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $26.79.

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AT&T Trading Up 0.9 %

The company's 50-day moving average price is $25.13 and its 200-day moving average price is $23.28. The firm has a market cap 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. 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 announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of the business. DSG Capital Advisors LLC purchased a new position in AT&T during the fourth quarter worth about $2,183,000. Chancellor Financial Group WB LP purchased a new position in AT&T during the fourth quarter worth about $358,000. Wealth Enhancement Advisory Services LLC raised its stake in AT&T by 50.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,397,772 shares of the technology company's stock worth $54,597,000 after purchasing an additional 804,740 shares during the period. NorthCrest Asset Manangement LLC raised its stake in AT&T by 5.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 78,730 shares of the technology company's stock worth $1,793,000 after purchasing an additional 3,978 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in AT&T during the fourth quarter worth about $54,973,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.