AT&T (NYSE:T) Shares Up 0.1%

AT&T Inc. (NYSE:T) rose 0.1% during mid-day trading on Thursday . The stock traded as high as $17.70 and last traded at $17.57. Approximately 7,120,193 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 38,417,105 shares. The stock had previously closed at $17.55.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Tigress Financial boosted their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

AT&T Stock Up 0.3 %

The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $17.11 and a two-hundred day moving average of $16.27. The company has a market capitalization of $125.89 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.57.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AT&T

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of AT&T by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock valued at $10,443,980,000 after buying an additional 2,155,232 shares during the period. State Street Corp grew its stake in shares of AT&T by 3.4% during the 2nd quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock valued at $4,738,520,000 after purchasing an additional 9,781,352 shares during the period. Newport Trust Company LLC grew its stake in shares of AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after acquiring an additional 673,043 shares during the period. Morgan Stanley lifted its holdings in AT&T by 37.3% in the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after purchasing an additional 29,769,976 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after buying an additional 76,746,649 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.