AT&T Inc. (NYSE:T – Get Free Report)’s share price was up 0% on Wednesday . The company traded as high as $21.74 and last traded at $21.60. Approximately 8,650,266 shares were traded during trading, a decline of 76% from the average daily volume of 36,191,797 shares. The stock had previously closed at $21.59.
Analysts Set New Price Targets
A number of analysts have recently weighed in on T shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Evercore ISI increased their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. UBS Group reissued a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. Finally, Moffett Nathanson increased their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.31.
AT&T Stock Performance
The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company’s 50-day moving average price is $19.99 and its two-hundred day moving average price is $18.41. The company has a market capitalization of $155.09 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.66 and a beta of 0.59.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. AT&T’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its position in shares of AT&T by 4.7% during the second quarter. Centaurus Financial Inc. now owns 44,098 shares of the technology company’s stock valued at $843,000 after purchasing an additional 1,982 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of AT&T by 9.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,989,100 shares of the technology company’s stock worth $38,012,000 after purchasing an additional 178,100 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AT&T in the second quarter worth about $44,000. Heritage Wealth Management Inc. purchased a new position in AT&T during the second quarter valued at approximately $1,871,000. Finally, Sanctuary Advisors LLC purchased a new position in AT&T during the second quarter valued at approximately $18,285,000. 57.10% of the stock is owned by institutional investors.
About AT&T
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.