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

AT&T Inc. (NYSE:T)’s share price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $26.45 and last traded at $26.59. Approximately 3,847,129 shares traded hands during trading, a decline of 89% from the average daily volume of 33,955,758 shares. The stock had previously closed at $26.61.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Scotiabank boosted their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective 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 investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Price Performance

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 firm has a market capitalization of $193.85 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 3.00 and a beta of 0.56. The company’s 50 day moving average is $25.02 and its 200-day moving average is $23.23.

AT&T (NYSE:T) last issued its 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%. Equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital A Wealth Management LLC acquired a new position in AT&T in the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in AT&T during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter worth $28,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

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.