AT&T (NYSE:T) Stock Price Up 2.1% – Time to Buy?

AT&T Inc. (NYSE:T)’s share price was up 2.1% on Thursday . The stock traded as high as $26.46 and last traded at $26.27. 9,702,755 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 41,549,484 shares. The stock had previously closed at $25.72.

Analyst Ratings Changes

T has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BNP Paribas raised 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. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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 business has a 50 day simple moving average of $24.52 and a 200 day simple moving average of $22.96. The stock has a market cap of $187.62 billion, a PE ratio of 17.55, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of large investors have recently bought and sold shares of T. Assetmark Inc. boosted its stake in AT&T by 62.0% during the 3rd quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock valued at $4,288,000 after purchasing an additional 74,607 shares during the period. Venturi Wealth Management LLC grew its position in AT&T by 35.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock worth $331,000 after purchasing an additional 3,948 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in AT&T by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 50,033 shares of the technology company’s stock worth $1,101,000 after buying an additional 662 shares in the last quarter. Harbour Investments Inc. raised its holdings in AT&T by 9.0% in the 3rd quarter. Harbour Investments Inc. now owns 142,186 shares of the technology company’s stock valued at $3,128,000 after acquiring an additional 11,713 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $284,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Company Profile

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.