AT&T (NYSE:T) Stock Price Up 1.4% – Time to Buy?

AT&T Inc. (NYSE:T) shares were up 1.4% during trading on Wednesday . The company traded as high as $27.75 and last traded at $27.69. Approximately 7,758,701 shares were traded during trading, a decline of 77% from the average daily volume of 34,219,085 shares. The stock had previously closed at $27.31.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Scotiabank lifted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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 stock has a market cap of $198.30 billion, a PE ratio of 18.53, a PEG ratio of 3.00 and a beta of 0.56. The business has a 50-day moving average price of $25.35 and a 200 day moving average price of $23.40.

AT&T (NYSE:T) last released its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of AT&T

Large investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of AT&T by 161.3% in the 4th quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company’s stock worth $57,444,000 after acquiring an additional 1,557,431 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $52,000. DSG Capital Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $2,183,000. Chancellor Financial Group WB LP bought a new position in AT&T during the 4th quarter worth approximately $358,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in AT&T by 50.5% in the 4th 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. Institutional investors 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.