AT&T (NYSE:T) Stock Price Down 0.2% – Time to Sell?

Shares of AT&T Inc. (NYSE:T) fell 0.2% during trading on Monday . The stock traded as low as $26.84 and last traded at $26.98. 6,287,532 shares traded hands during trading, a decline of 82% from the average session volume of 34,216,116 shares. The stock had previously closed at $27.02.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Stock Down 0.1 %

The stock’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $23.32. The stock has a market capitalization of $193.85 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of AT&T by 161.3% during the 4th quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company’s stock worth $57,444,000 after purchasing an additional 1,557,431 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in AT&T in the fourth quarter worth $52,000. DSG Capital Advisors LLC bought a new stake in AT&T in the fourth quarter valued at $2,183,000. Chancellor Financial Group WB LP acquired a new position in shares of AT&T during the fourth quarter valued at $358,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of AT&T by 50.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,397,772 shares of the technology company’s stock worth $54,597,000 after acquiring an additional 804,740 shares during the last quarter. Institutional investors and hedge funds 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.