AT&T (NYSE:T) Trading 0.8% Higher – What’s Next?

AT&T Inc. (NYSE:T) rose 0.8% during mid-day trading on Friday . The stock traded as high as $26.37 and last traded at $26.30. Approximately 7,353,380 shares traded hands during trading, a decline of 82% from the average daily volume of 41,439,891 shares. The stock had previously closed at $26.09.

Wall Street Analyst Weigh In

Several brokerages have weighed in on T. Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Scotiabank lifted their price target 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. Finally, Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

AT&T Stock Up 1.6 %

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $190.33 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business has a fifty day moving average price of $24.59 and a two-hundred day moving average price of $22.98.

AT&T (NYSE:T) last posted its earnings results 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 net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

Institutional investors have recently modified their holdings of the business. Carolinas Wealth Consulting LLC increased its position in shares of AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after buying an additional 384 shares in the last quarter. Buska Wealth Management LLC increased its holdings in AT&T by 3.2% in the 4th quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company’s stock worth $305,000 after acquiring an additional 412 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in 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 acquiring an additional 421 shares during the period. Tradewinds Capital Management LLC raised its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, BNP Paribas lifted its holdings in AT&T by 1.0% during the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock valued at $942,000 after purchasing an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.