AT&T (NYSE:T) Stock Price Down 1.1% - Time to Sell?

AT&T Inc. (NYSE:T - Get Free Report) shares dropped 1.1% during trading on Thursday . The stock traded as low as $27.77 and last traded at $27.78. Approximately 5,102,770 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 36,267,988 shares. The stock had previously closed at $28.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on T. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Scotiabank restated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business has a 50-day moving average price of $27.15 and a 200 day moving average price of $24.77. The stock has a market capitalization of $194.37 billion, a P/E ratio of 18.13, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the company posted $0.55 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently modified their holdings of T. Consolidated Planning Corp grew its holdings in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares during the period. Keystone Financial Group grew its holdings in shares of AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after acquiring an additional 143,744 shares during the period. World Investment Advisors grew its holdings in shares of AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after acquiring an additional 63,359 shares during the period. Fortress Financial Solutions LLC bought a new stake in shares of AT&T in the fourth quarter worth $691,000. Finally, DigitalBridge Group Inc. grew its holdings in shares of AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after acquiring an additional 365,776 shares during the period. Institutional investors own 57.10% of the company's stock.

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.