AT&T (NYSE:T) Trading Down 1.3% – Should You Sell?

Shares of AT&T Inc. (NYSE:T) were down 1.3% during trading on Monday . The stock traded as low as $25.43 and last traded at $25.60. Approximately 65,890,102 shares were traded during trading, an increase of 64% from the average daily volume of 40,158,133 shares. The stock had previously closed at $25.93.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank Of Canada cut their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Williams Trading set a $33.00 price objective on shares of AT&T in a research report on Thursday, October 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. The Goldman Sachs Group started coverage on AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Finally, UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.64.

AT&T Price Performance

The company’s fifty day moving average is $26.29 and its 200 day moving average is $27.46. The firm has a market cap of $181.49 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.16 and a beta of 0.40. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same period in the previous year, the business earned $0.60 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio is presently 36.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $5,266,758,000. Norges Bank bought a new stake in AT&T during the second quarter worth $2,228,655,000. Nuveen LLC acquired a new stake in AT&T in the first quarter valued at $1,072,128,000. GQG Partners LLC lifted its stake in AT&T by 17.7% in the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after acquiring an additional 17,177,874 shares during the last quarter. Finally, Amundi grew its position in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the period. 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.