AT&T (NYSE:T) Trading Up 0.9% – What’s Next?

AT&T Inc. (NYSE:T) shares were up 0.9% on Monday . The stock traded as high as $26.84 and last traded at $26.81. Approximately 8,568,174 shares changed hands during trading, a decline of 79% from the average daily volume of 41,389,016 shares. The stock had previously closed at $26.58.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on T shares. The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Argus raised 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 report on Thursday, January 16th. DZ Bank raised 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 report on Wednesday, January 29th. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Stock Performance

The company has a market capitalization of $190.97 billion, a P/E ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. The stock has a fifty day simple moving average of $24.84 and a 200-day simple moving average of $23.18. 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) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of AT&T in the fourth quarter valued at about $28,000. 57.10% of the stock is owned by institutional investors.

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.