AT&T (NYSE:T) Trading Up 1.5% - Should You Buy?

AT&T Inc. (NYSE:T - Get Free Report) shares shot up 1.5% on Friday . The stock traded as high as $28.07 and last traded at $28.06. 11,633,850 shares were traded during trading, a decline of 68% from the average session volume of 36,562,821 shares. The stock had previously closed at $27.66.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Evercore ISI boosted their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Tigress Financial raised their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, UBS Group reissued a "buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $28.76.

AT&T Stock Up 1.2%

The company has a market cap of $201.44 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.85 and a beta of 0.41. The company's 50-day moving average is $27.51 and its two-hundred day moving average is $25.76. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of large investors have recently made changes to their positions in T. Minot DeBlois Advisors LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter valued at $25,000. Stone House Investment Management LLC purchased a new stake in shares of AT&T in the 1st quarter worth $25,000. Putney Financial Group LLC bought a new position in AT&T in the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter valued at $28,000. 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.

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