AT&T (NYSE:T) Shares Down 0% – Time to Sell?

AT&T Inc. (NYSE:T)’s stock price fell 0% during trading on Monday . The company traded as low as $21.30 and last traded at $21.36. 3,878,976 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 35,535,699 shares. The stock had previously closed at $21.37.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Oppenheimer lifted their price objective on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup boosted their price objective on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on AT&T from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group started coverage on AT&T in a research report on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $22.69.

AT&T Stock Up 0.9 %

The company’s 50 day simple moving average is $20.81 and its 200-day simple moving average is $18.89. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm has a market cap of $155.59 billion, a P/E ratio of 11.67, a PEG ratio of 3.62 and a beta of 0.60.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hengehold Capital Management LLC purchased a new position in shares of AT&T during the 3rd quarter worth $276,000. ZWJ Investment Counsel Inc. grew its holdings in AT&T by 2.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 1,330,832 shares of the technology company’s stock valued at $29,278,000 after purchasing an additional 33,170 shares during the period. FLC Capital Advisors increased its position in AT&T by 11.2% in the third quarter. FLC Capital Advisors now owns 27,169 shares of the technology company’s stock worth $598,000 after buying an additional 2,735 shares in the last quarter. Culbertson A N & Co. Inc. lifted its position in shares of AT&T by 33.2% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 77,388 shares of the technology company’s stock valued at $1,703,000 after buying an additional 19,290 shares in the last quarter. Finally, SPC Financial Inc. increased its holdings in AT&T by 12.5% in the 3rd quarter. SPC Financial Inc. now owns 25,356 shares of the technology company’s stock worth $558,000 after acquiring an additional 2,810 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Company Profile

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.