AT&T (NYSE:T) Stock Price Down 0.1% – Should You Sell?

Shares of AT&T Inc. (NYSE:T) were down 0.1% during trading on Wednesday . The stock traded as low as $26.43 and last traded at $26.63. Approximately 11,454,772 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 38,495,715 shares. The stock had previously closed at $26.65.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada upped their price objective on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.33.

AT&T Stock Down 0.1 %

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $191.12 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The stock has a fifty day moving average of $23.65 and a 200 day moving average of $22.43.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Institutional Trading of AT&T

Large investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the 3rd quarter valued at approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T in the fourth quarter valued at $25,000. Putney Financial Group LLC purchased a new stake in AT&T during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth about $28,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

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.