AT&T (NYSE:T) Trading Down 0.2% - Time to Sell?

AT&T Inc. (NYSE:T - Get Free Report) shares fell 0.2% on Tuesday . The company traded as low as $27.95 and last traded at $27.98. 5,210,650 shares were traded during trading, a decline of 86% from the average session volume of 36,681,185 shares. The stock had previously closed at $28.02.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on T shares. Royal Bank of Canada raised their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Tigress Financial lifted their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Down 0.8%

The business has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $24.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $200.07 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrity Alliance LLC. raised its stake in AT&T by 111.7% in the 1st quarter. Integrity Alliance LLC. now owns 111,384 shares of the technology company's stock valued at $3,150,000 after acquiring an additional 58,759 shares during the period. Ransom Advisory Ltd purchased a new position in AT&T in the 1st quarter worth approximately $40,000. Anchor Investment Management LLC raised its stake in shares of AT&T by 36.6% during the first quarter. Anchor Investment Management LLC now owns 50,943 shares of the technology company's stock valued at $1,441,000 after acquiring an additional 13,663 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its position in AT&T by 9.0% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 1,314,000 shares of the technology company's stock valued at $37,160,000 after purchasing an additional 109,000 shares during the period. Finally, Plato Investment Management Ltd raised its position in shares of AT&T by 8.7% in the 1st quarter. Plato Investment Management Ltd now owns 161,964 shares of the technology company's stock worth $4,630,000 after acquiring an additional 12,992 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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