AT&T (NYSE:T) Trading 0.3% Higher

AT&T Inc. (NYSE:T) shares were up 0.3% during mid-day trading on Thursday . The stock traded as high as $21.68 and last traded at $21.63. Approximately 4,185,204 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 36,131,527 shares. The stock had previously closed at $21.56.

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Daiwa America raised shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Barclays increased their price objective on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Citigroup boosted their target price on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Royal Bank of Canada increased their price target on AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Finally, TD Cowen boosted their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One 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 company’s stock. According to MarketBeat, AT&T presently has an average rating of “Hold” and an average target price of $22.31.

AT&T Trading Up 0.7 %

The business has a 50-day moving average of $20.04 and a 200-day moving average of $18.44. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The stock has a market cap of $155.74 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 3.66 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of T. Vantage Financial Partners LLC raised its position in shares of AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after purchasing an additional 7,762 shares during the period. Gilbert & Cook Inc. raised its holdings in AT&T by 4.1% in the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,212 shares during the period. Aveo Capital Partners LLC raised its holdings in AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock worth $466,000 after acquiring an additional 1,194 shares during the period. Gryphon Financial Partners LLC lifted its position in AT&T by 21.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after acquiring an additional 4,870 shares during the last quarter. Finally, Congress Wealth Management LLC DE boosted its holdings in AT&T by 27.5% during the fourth quarter. Congress Wealth Management LLC DE now owns 37,261 shares of the technology company’s stock valued at $625,000 after acquiring an additional 8,030 shares during the period. Institutional investors own 57.10% of the company’s stock.

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.