AT&T (NYSE:T) Trading 1.5% Higher – Time to Buy?

AT&T Inc. (NYSE:T) traded up 1.5% during trading on Friday . The stock traded as high as $27.19 and last traded at $27.20. 17,051,290 shares were traded during mid-day trading, a decline of 50% from the average session volume of 34,009,969 shares. The stock had previously closed at $26.79.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Argus upgraded 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. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Trading Up 0.9 %

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 business has a fifty day simple moving average of $25.13 and a 200 day simple moving average of $23.30. The stock has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued 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, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Institutional Trading of AT&T

Large investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter worth $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter worth $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter worth $28,000. 57.10% of the stock is owned by institutional investors and hedge funds.

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.