AT&T (NYSE:T) Stock Price Up 1.9% – What’s Next?

Shares of AT&T Inc. (NYSE:T) rose 1.9% during mid-day trading on Thursday . The stock traded as high as $28.15 and last traded at $28.19. Approximately 10,216,090 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 34,260,761 shares. The stock had previously closed at $27.65.

Analysts Set New Price Targets

Several analysts recently commented on the company. Scotiabank raised their price objective on 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 raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised 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. Finally, BNP Paribas upgraded 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Up 2.2 %

The firm has a market capitalization of $202.78 billion, a P/E ratio of 18.96, a PEG ratio of 3.00 and a beta of 0.56. The firm’s 50 day moving average is $25.46 and its two-hundred day moving average is $23.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Institutional Investors Weigh In On AT&T

Several hedge funds have recently added to or reduced their stakes in T. Carolinas Wealth Consulting LLC lifted its stake in shares of AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after buying an additional 384 shares during the last quarter. Buska Wealth Management LLC increased its position in AT&T by 3.2% during the 4th quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company’s stock worth $305,000 after buying an additional 412 shares during the period. 1620 Investment Advisors Inc. lifted its holdings in shares of AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Finally, BNP Paribas raised its stake in AT&T by 1.0% in the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock worth $942,000 after purchasing an additional 430 shares in the last quarter. 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.