AT&T (NYSE:T) Shares Down 0.3% – Time to Sell?

AT&T Inc. (NYSE:T)’s share price fell 0.3% during trading on Tuesday . The company traded as low as $27.51 and last traded at $27.65. 13,917,437 shares traded hands during trading, a decline of 64% from the average session volume of 39,147,109 shares. The stock had previously closed at $27.72.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on T. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.45.

AT&T Stock Down 5.5 %

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $188.03 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The business’s fifty day moving average is $24.01 and its two-hundred day moving average is $22.64.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in T. Capital A Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Minot DeBlois Advisors LLC bought a new stake in AT&T during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter valued at $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T in the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth $28,000. 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.