AT&T (NYSE:T) Stock Price Up 2.2% – Here’s What Happened

AT&T Inc. (NYSE:T) was up 2.2% during mid-day trading on Tuesday . The company traded as high as $27.56 and last traded at $27.55. Approximately 10,449,619 shares were traded during trading, a decline of 70% from the average daily volume of 34,285,727 shares. The stock had previously closed at $26.96.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective 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. DZ Bank upgraded 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. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Finally, Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Up 1.2 %

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $195.78 billion, a PE ratio of 18.31, a P/E/G ratio of 3.00 and a beta of 0.56. The business’s 50 day simple moving average is $25.24 and its 200 day simple moving average is $23.36.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of T. Carolinas Wealth Consulting LLC lifted its holdings in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after acquiring an additional 384 shares during the last quarter. Buska Wealth Management LLC lifted its stake in AT&T by 3.2% during the fourth quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company’s stock worth $305,000 after purchasing an additional 412 shares in the last quarter. 1620 Investment Advisors Inc. boosted its position in shares of AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares in the last quarter. Finally, BNP Paribas raised its holdings in shares of AT&T by 1.0% in the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock valued at $942,000 after buying an additional 430 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

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.